Bitcoinist.net:

bitcoin bull run

Bitcoin investors haven’t done too well over the past two months. Despite the near 100% recovery from the $3,700 lows seen on March 12th, the cryptocurrency remains more than 30% below the 2020 highs near $10,500.
Fortunately, multiple sets of data and other signs indicate that a full-blown Bitcoin bull run is on the verge of taking place.
Bitcoin Bull Rally Is Brewing
As observed by Josh Olszewicz — a crypto analyst at Brave New Coin — the number of weekly active addresses on the Bitcoin network recently breached a nine-month high, surmounting levels seen all throughout the late-2019 and early-2020 bear market.
This is important as previous upticks in this key metric coincided with the start of bull runs, with the metric rallying higher in early-2017, and exploding higher at the start of 2019.

$BTC weekly active addresses at…

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Source: https://bitcoinist.com/key-on-chain-metric-shows-strong-bitcoin-bull-rally-brewing/?utm_source=rss&utm_medium=rss&utm_campaign=key-on-chain-metric-shows-strong-bitcoin-bull-rally-brewing