Analysis: Bitcoin real trading volume growth boosts Bitcoin's 2019 rebound

According to CoinDesk, last Saturday (June 1), an experimental indicator used to measure the quantity and quality of Bitcoin network activity hit a 28-week high, suggesting that Bitcoin’s recent price increase may be more than many expected More fundamental. When the number and quality of Bitcoin networks are high, people will think that the Bitcoin market will have a positive response, and vice versa. The related chart shows that the price of Bitcoin has risen again with the increase in the TAAR index, and its pattern is similar to that of the last bear market, or implies that as long as the network activity continues to rise, the latest price increase of Bitcoin may be sustainable. The price correction should be within expectations, but according to this model, the bulls need to be vigilant only if the TAAR loses a significant height.