Several indicators point out that Bitcoin has been on the path of recovery, and it could be probably on the uptrend post this expiry on Friday, June 25.
On the other hand, Bitcoins are now moving from weak hands to strong hands.
Previously, two weeks back, it sold 1500 BTC at $40,000.
While Bitcoin is showing signs of recovery there’s still not a considerable uptick in the address activity for Bitcoin .
On the 30-day rolling scale of daily active address scale, July 13, 2020 was the last time the $BTC network was this low.
President Nayib Bukele recently announced the country’s first Bitcoin airdrop program giving $30 worth of BTC to every registered user in the country.