Bitcoin has surpassed $80,000 in three months, but concerns are rising that a downtrend could resume due to insufficient on-chain activity, Cryptopotato reported. On-chain analytics firm Santiment analyzed, "Unlike the BTC rally, network usage is remarkably low. The number of daily active addresses for transactions is 531,000, and new addresses are 203,000, both at a two-year low. This is in contrast to past price rallies where new inflows surged, supporting the rally. It suggests that the current price increase is driven by a few, rather than being widespread." On the other hand, cryptocurrency analyst Ali Martinez predicted, "Since the weekly MACD golden cross occurred on the 13th, there has been about a 15% increase, and further increases are highly probable. If BTC breaks through the 200-day moving average near $83,000, it will rise even further."
