Bitcoin's price is currently above $95,000 but faces a potential decline if it fails to hold this key support level.
Analysts suggest that the $95,000 level could lead to further upward movement or a pullback, with $92,000 as a possible drop target.
Despite the high price, Bitcoin's network interest is dwindling, with low transaction volume and active addresses showing reduced on-chain engagement.
The uptrend in Bitcoin is influenced more by external factors like institutional interest and ETF capital inflows, while blockchain usage remains low and attention shifts to layer 2 solutions.