The Bitcoin price and the bull run appear to be back on the right track after recording its best weekly performance in the past month. Despite starting the week quietly and hovering around the $63,000 level, the premier cryptocurrency received fresh bullish momentum mid-week, pushing its value to almost $69,000 on Friday. The latest on-chain observation has revealed that the activity level of the Bitcoin network has been on the rise over the past few weeks. While this development might have contributed to the recent price surge, the question is — how far can it push the value of the flagship cryptocurrency? Golden Cross Could Push Bitcoin Price Past $73,737 In a recent Quicktake post on the CrypoQuant platform, an analyst with the pseudonym Yonsei_dent revealed that Bitcoin price might be forming an upward structure. This bullish prognosis is based on the growth rate of active addresses, which represents the number of unique addresses showing significant activity on the Bitcoin network. Related Reading: Bitcoin ETFs See $1.6B Inflows This Week – Is BTC Reaching A New ATH Soon? An incre ..
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