Yonsei_dent
<Active Addresses Momentum: A Golden Cross Is Imminent!>
Active addresses refer to the unique addresses actively engaging on the BTC on-chain network, providing insights into network activity, investor participation, and broader market trends. Momentum can be assessed by applying a đ´ monthly moving average and an đľ annual moving average to this indicator. Historically, when the 30-day moving average crosses above the 365-day moving average âknown as a "golden cross"âit indicates upward price momentum in the market. After previously showing a "dead cross" post-ATH, the indicator now signals a golden cross as the 30DMA meets the 365DMA. Notably, transaction counts are nearly double compared to the 2021 cycle, a positive sign for market activity. However, if the 30DMA does not strongly surpass the 365DMA, there's a chance the trend may resemble the đŞ mid-2021 phase.