Topic: New ATH for Adoption (Read 983 times)
These are potential leading indicators. I remember a similar conversation taking place in late 2012. If you will notice on the chart, these two indicators had a peak in 2011 about the same time as price peaked. These indicators then moved above their 2011 highs in mid 2012, nearly six months before price breached it's previous peak. We shall see if these indicators lead again or if they are false signals this time.
I've posted a few reason why it could go down... but my hunch is up back into the 400s, honestly. I think we are going to get some burn in the next few days. Too many people are speculating on the ETF being announced at the Money 20/20 event (which it probably won't be) for things to go bad. I think 315ish was the local bottom.
Good news but I don't think that will help the price. Saw to many good news this year to believe that.
Huge spike up in Number of Unique Bitcoin Addresses Used Per Day. New All Time High:
https://blockchain.info/charts/n-unique-addresses?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
The 7-day average of the above shows us moving way up past anything seen in December or March:
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false×pan=2year&show_header=true&daysAverageString=7&scale=0&address=
New All Time High for 7-day average of Number of Transactions per Day as well, finally exceeding the December numbers today:
https://blockchain.info/charts/n-transactions?showDataPoints=false×pan=2year&show_header=true&daysAverageString=7&scale=0&address=
https://blockchain.info/charts/n-unique-addresses?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
The 7-day average of the above shows us moving way up past anything seen in December or March:
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false×pan=2year&show_header=true&daysAverageString=7&scale=0&address=
New All Time High for 7-day average of Number of Transactions per Day as well, finally exceeding the December numbers today:
https://blockchain.info/charts/n-transactions?showDataPoints=false×pan=2year&show_header=true&daysAverageString=7&scale=0&address=
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