{"id":28464,"date":"2023-09-13T07:30:07","date_gmt":"2023-09-13T07:30:07","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/13\/bitcoin-addresses-touch-5-month-high-with-btc-price-bounce\/"},"modified":"2023-09-13T07:30:07","modified_gmt":"2023-09-13T07:30:07","slug":"bitcoin-addresses-touch-5-month-high-with-btc-price-bounce","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/13\/bitcoin-addresses-touch-5-month-high-with-btc-price-bounce\/","title":{"rendered":"Bitcoin Addresses Touch 5-Month High With BTC Price Bounce"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Bitcoin has been exhibiting risky value actions during the last two days with the BTC value oscillating between the vary of $25,000-$26,500. As a end result, the on-chain exercise has additionally shot up at this level.<\/p>\n<p>However, there\u2019s some profit-taking as effectively with the BTC value tanking beneath $26,000. As of press time, bitcoin is buying and selling 2.8% up at $25,922 with a market cap of $505 billion.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>On-chain information supplier Santiment <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1701670597464580142\" target=\"_blank\">reported<\/a> that Bitcoin stays the dominant participant when it comes to value and has surged to succeed in as excessive as $26.5K. Notably, the Bitcoin community has witnessed interactions from 1.1 million every day addresses since Thursday, marking a five-month excessive. Today, merchants are choosing profit-taking following the modest improve noticed since yesterday.<\/p>\n<figure id=\"attachment_159070\" aria-describedby=\"caption-attachment-159070\" style=\"width: 2744px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159070\" alt=\"\" width=\"2744\" height=\"1752\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity.jpeg 2744w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-300x192.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-1224x782.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-768x490.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-1536x981.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-2048x1308.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-150x96.jpeg 150w\" data-lazy-sizes=\"(max-width: 2744px) 100vw, 2744px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159070\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity.jpeg\" alt=\"\" width=\"2744\" height=\"1752\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity.jpeg 2744w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-300x192.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-1224x782.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-768x490.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-1536x981.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-2048x1308.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Address-Activity-150x96.jpeg 150w\" sizes=\"auto, (max-width: 2744px) 100vw, 2744px\"\/><\/noscript><figcaption id=\"caption-attachment-159070\" class=\"wp-caption-text\">Courtesy: Santiment<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Although the BTC value has slipped beneath $26,000 at press time, Bitcoin technical indicators proceed to point out some optimism alongside the road. Popular crypto analyst Ali Martinez <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1701700725737476256\" target=\"_blank\">noted<\/a>: \u201c<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">As we navigate every week with key monetary occasions, it\u2019s essential to spotlight that the TD Sequential indicator has signaled a \u2018buy\u2019 on the <\/span><span class=\"r-18u37iz\">$BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> weekly chart. For this to be validated, <\/span><span class=\"r-18u37iz\">#BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> wants to shut above the week above $25,600. If confirmed, targets could possibly be $28,350 and even $31,800\u2033.<\/span><\/p>\n<figure id=\"attachment_159071\" aria-describedby=\"caption-attachment-159071\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159071\" alt=\"\" width=\"2048\" height=\"946\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-300x139.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1224x565.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-768x355.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1536x710.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-150x69.jpeg 150w\" data-lazy-sizes=\"(max-width: 2048px) 100vw, 2048px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159071\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg\" alt=\"\" width=\"2048\" height=\"946\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-300x139.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1224x565.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-768x355.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-1536x710.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-BTC-Technical-150x69.jpeg 150w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"\/><\/noscript><figcaption id=\"caption-attachment-159071\" class=\"wp-caption-text\">Courtesy: Ali charts<\/figcaption><\/figure>\n<h3>Bitcoin Remains Wary of US CPI Data<\/h3>\n<p>On Wednesday, September 13, the US could possibly be releasing its CPI information and experiences recommend that inflation may see a second consecutive rise. For the month of August, the headline inflation may rise to three.6% from 3.2% in July.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>This could possibly be adverse for risk-ON property similar to Bitcoin and different cryptocurrencies. If the core CPI information will increase, the Fed would possibly announce one other charge hike as a substitute of pausing down for the time being. An sudden surge in core inflation would possibly negate the progress seen within the final 24 hours, throughout which the Bitcoin value rose above $26,000. Should bearish circumstances prevail, BTC may doubtlessly check the assist stage at $24,578. If this stage is breached, it may result in a drop to a six-month low of $21,000.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/bitcoin-active-addresses-hit-5-month-high-btc-price-rally-ahead\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/bitcoin-active-addresses-hit-5-month-high-btc-price-rally-ahead\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA159069\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech fanatic and holds a superb aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and typically discover his culinary abilities.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD159069\">\n<p>  The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty on your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk&rsquo;s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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As a end result, the on-chain exercise has additionally shot up at this level. However, there\u2019s some profit-taking as effectively with the BTC value tanking beneath $26,000. As of press time, bitcoin 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