The post Bitcoin May Have Further Upside Potential Amid Rising On-Chain Activity and Macro Trends, Analysts Suggest appeared on BitcoinEthereumNews.com.

Bitcoin’s on-chain activity is showing renewed strength, indicating potential for further price appreciation amid evolving macroeconomic trends. Long-term holders are increasingly mobilizing their Bitcoin holdings, a pattern historically linked to significant market rallies. Analyst João Wedson highlights that Bitcoin remains above critical on-chain cost basis models, suggesting the market is still in an early bullish phase before peak euphoria. Bitcoin’s rising on-chain activity and strong cost basis support signal continued bullish momentum, despite retail impatience and short-term volatility. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Renewed On-Chain Activity Signals Strength in Bitcoin Market Recent data reveals a notable uptick in Bitcoin transactions, particularly from long-term holders who have previously remained dormant. This resurgence in on-chain movement often precedes major price rallies, as seen in the 2017 and 2021 bull markets. According to analyst João Wedson, the increased activity from these wallets suggests that investors are repositioning ahead of a potential upward trend. Importantly, Bitcoin’s price continues to trade above key cost basis models, which historically act as robust support levels during early-stage bull runs. This alignment of on-chain metrics and price behavior indicates that the market may still be in a foundational phase, setting the stage for further gains without immediate signs of overheating. Macro Trends and Market Sentiment: Patience Amid Volatility While retail investors express growing impatience over Bitcoin’s price consolidation near $106,000, seasoned traders emphasize the…

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Filed under: News - @ June 8, 2025 6:20 am