Bitcoin Transaction Count Hits November 2024 Levels at ₱4,569,980 ($76,000)

Bitcoin rallied over 5% on Tuesday to an intraday high of ₱4,577,196 ($76,120), breaking above its March highs and clearing the $75,000 zone where the 100-day exponential and simple moving averages converge. The move came as daily transaction count reached 765 million on April 5, matching activity levels last seen in November 2024 when the asset first crossed $100,000.

The transaction metric has climbed 62% in 2026 even as BTC trades well below its previous highs. Analyst CW8900 noted that the transaction count is higher than when Bitcoin was at $120,000, indicating the network is showing bull market behavior. Total fee volume also increased 4% over the past week to $153,700, according to Glassnode's Market Pulse report, reflecting heightened onchain demand and a shift in user willingness to pay for transaction priority.

Bitcoin broke above the upper trend line at $73,000 on Monday, setting up the push toward the psychological $80,000 resistance level. CryptoBlockto identified the next resistance at $76,000, saying a sustained move above that level would signal a trend reversal and sustained upside momentum. CryptOpus noted Bitcoin is trading within the horizontal supply zone of an ascending triangle pattern, with the 100-day moving average acting as a resistance barrier, and that a strong breakout above both would confirm a bullish rally with a measured target of $89,050, representing an 18% gain from current prices.

The daily relative strength index climbed to 63 from 15 on February 6, 2026, when Bitcoin last traded at these levels in oversold territory. The combination of rising transaction counts, increasing fee volumes, and technical breakouts has analysts watching whether BTC can sustain a daily close above $72,600 to confirm the breakout from its recent $60,000-$75,000 consolidation range.