The principal factor for bitcoin value is its use. Active addresses are increasing and approaching the top of the bubble of end 2017.
The TAAR by cryptorhythms is the ratio between volume transacted and active addresses.
As you can see the TAAR (in a logarithmic scale) fit the price of bitcoin well.
During the bubbles there is an abnormal increase of volume transacted for the number of users defined as active addresses.
Outside the bubbles, the ratio increase slowly, with a slighlty increasing volume transacted for active addresse.
During bubbles price increase is driven by an abnormal increase of volume transacted, outside the bubbles price increase is driven by a slightly increasing volume for active addresses.
The end of the third bear market happened with the "return to the trend" of this ratio. Let see if another cycle is building
BIO
The TAAR by cryptorhythms is the ratio between volume transacted and active addresses.
As you can see the TAAR (in a logarithmic scale) fit the price of bitcoin well.
During the bubbles there is an abnormal increase of volume transacted for the number of users defined as active addresses.
Outside the bubbles, the ratio increase slowly, with a slighlty increasing volume transacted for active addresse.
During bubbles price increase is driven by an abnormal increase of volume transacted, outside the bubbles price increase is driven by a slightly increasing volume for active addresses.
The end of the third bear market happened with the "return to the trend" of this ratio. Let see if another cycle is building
BIO
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הערה:
Still not entered in speculation phase