Рост индикатора «оживленности» биткоина предсказывает возвращение бычьего цикла Translation: Headline: Rise of Bitcoins Liveliness Indicator Predicts Return of Bull Cycle

The technical metric of «Liveliness» for the first cryptocurrency continues to trend upwards, demonstrating buyer engagement and signaling a possible rally resurgence. This observation was made by the analyst known as TXMC.

This index is a cumulative total that reflects all activities occurring on the blockchain. It increases when coins are used in transactions and decreases during periods of holding, taking into account the age of the assets involved.

«Liveliness» usually rises during bullish trends, as coins change hands at higher prices, indicating an influx of new invested capital, the expert noted.

According to TXMC, while this indicator may not serve as an explicit market signal—often lagging behind the price movements of the primary asset—it highlights positive trends.

Analyst James Check added that the «liveliness» level has remained within a confined range for the past eight years.

«The bullish cycle of 2017 was notable as it marked the first major parabolic advance with broad investor participation, and also because many older coins were engaged in transactions to earn dividends, like BCH,» he noted.

Check indicated that the new peaks in this metric indicate how extreme the return of dormant old coins could be by 2025.

As of the time of writing, the first cryptocurrency is trading at $89,400, showing little change in price over the past day.

MN Trading founder Michael van de Poppe described any price movements within the $86,000-92,000 range as «noise.» The analyst anticipates a breakout above this upper limit but warned of the risk of a pullback to $80,000.

«Once again, I don’t believe Bitcoin is far from finding a bottom, and this should lead to a significant rally by the end of this year, continuing into the next,» van de Poppe added.

It’s worth noting that top executives at Bitwise stated that the greatest threats to the leading cryptocurrency in the current market cycle are a potential bubble in the AI sector and regulation of digital assets in the U.S.