Bitcoin on-chain activity has returned to levels observed during the 2018-2019 bear market transition, with the 30-day EMA of active addresses hitting approximately 609,700 and the 100-day EMA reaching approximately 622,000. These figures are close to the lows recorded during that previous period, when Bitcoin had reached approximately $3,200 before rebounding. Bitcoin is currently trading around $64,900, up from a recent low of approximately $58,500, with an RSI at approximately 54.6. Resistance levels at $66,819 and $72,193 are still capping the longer-term bullish trend.
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