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Bitcoin’s Daily Active Addresses Continues to Grow; Is this a Clear Bullish Indicator?

On Path To Greatness: Bitcoin Addresses With More Than 0 BTC Hits All-Time High

Bitcoin continues trading around $9,700-9,800 after a massive surge to $10,350 and a subsequent drop to $9,300. It seems that the last rejection from $10,000 was not strong enough to make the bulls race away. Bitcoin has been defending the daily 12-EMA for the past week, a significant factor that indicates BTC still has a lot of strength and interest behind it.





A rejection from $10K was obviously not ideal; however, considering the bears got no continuation either, Bitcoin remains in its daily uptrend and is looking for another try at $10K. One of the biggest red flags of the last breakout was the trading volume, it was barely increasing across exchanges.





Bulls will look for a significant surge in trading volume if they want to crack $10,000 for good. The daily technical indicators are mostly in favor of the bulls. The RSI is only at 55 points and the MACD has been flat for the past 5 days. Trading volume is dropping again, waiting for that big move.





Bitcoin Daily Active Addresses, A Clear Bullish Indicator?






$BTC's daily active address (unique addresses transacting on the network) continues to grow. 
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