Daily Bitcoin Network Transaction Spike to Near Record Highs – What This Means for the BTC Price?

That’s the third-highest daily transaction count in the Bitcoin network’s history and the highest since the early May 2019 peak of 452,462.

The BTC price was last changing hands in the $27,300s, with prices having found solid intra-day support around the $27,000 level. 

Bitcoin’s fair price right now is around $55K and could rise above $500K in the next post-halving market cycle - that’s around 20x gains from current levels.

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