Bitcoin is currently back at transaction levels of last year. After the dip of TXs alongside the price, it has been a steady increase throughout 2018. Value is exchanging hands. While price is consolidating, activity is growing fast. This is divergence.

Bitcoin is currently back at transaction levels of last year. After the dip of TXs alongside the price, it has been a steady increase throughout 2018. Value is exchanging hands. While price is consolidating, activity is growing fast. This is divergence. submitted by /u/Smilinmong
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Bitcoin – The Currency of the Internet

Bitcoin Price Analysis: Signs of Divergence May Point to Potential Distribution Phase (bitcoinmagazine.com)

After bouncing back and forth from $ 5100 to $ 6100, BTC-USD managed to squeeze out one more (albeit short-lived) all-time high. This article is going to present an update to the last discussion regarding the potential Wyckoff Distribution and provide a more contextualized, macro-view of the current bitcoin market. Before reading any further, I would like to emphasize the word “potential” within the context of this discussion because until the market actually reverses, this is nothing more…

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