Adoption Has Reached a New All Time High

[Raystonn]

The 7-day average of "Number of Unique Bitcoin Addresses Used" per day has reached a new all time high.
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Bullish divergence.

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[jaredboice]

That is definitely bullish

[Room101]

The relentless march of BTC adoption continues unabated.

[hyphymikey]

The last ATH was in May and nothing happened.

Hopefully this time it's different.

[Raystonn]

March, actually.  Gox interrupted progress there.

[zimmah]

The last ATH was in May and nothing happened.

Hopefully this time it's different.

I believe there was a peak back then, but it was no ATH in price because it was in the middle of the dip from the December peak.

Not every high in adoption is a high in price, but the price does strongly correlate. A new peak in adoption will likely lead to a new peak in price. Possibly a new ATH even. Especially if the adoption persists.

[Room101]

the previous peak was also an quick exponential rise from a much lower base. This time it has been a steady increase more in line with trend, not a quick peak.

[trader001]

Trend is still going down and will remain this way until some good news come a long.

[inca]

Trend is still going down and will remain this way until some good news come a long.

We have had an almost total absence of any bad news with lots of great news for the last few months. Not sure what you are expecting?

In any case price leads sentiment. When the price turns so will the bullish sentiment magically return. When this big player(s) stops selling I suppose.

[Zarathustra]

The 7-day average of "Number of Unique Bitcoin Addresses Used" per day has reached a new all time high.
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Bullish divergence.

Monthly average even better:

https://blockchain.info/charts/n-unique-addresses?timespan=all&showDataPoints=false&daysAverageString=30&show_header=true&scale=0&address=

And quarterly average even more better :

https://blockchain.info/charts/n-unique-addresses?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=

And the yearly average:

https://blockchain.info/charts/n-unique-addresses?timespan=all&showDataPoints=false&daysAverageString=360&show_header=true&scale=0&address=

[sbrzol]

so bullish that every other good "news" (circle = everybody can and will buy btc easily)  that we can cross todays lowest price soon

please tell these good "news" charts to the buyers too

[s.mouse]

Interesting, but someone told me recently that roughly the same amount of btc is being traded every day as was a year ago. Is this true?

[zeroday]

Is it adoption, or just mixing services become more popular ?

[Dafar]

Sorry.... I only care about ATH in regards to price

[yayayo]

Is it adoption, or just mixing services become more popular ?

Is there any indication that mixing services grow faster than other Bitcoin uses? I don't think so.

The news flow suggests that more and more businesses are accepting bitcoin. So it's reasonable to assume that Bitcoin is becoming more popular in general.

I agree with OP that price versus Bitcoin use shows a bullish divergence.

ya.ya.yo!

[fa]

The 7-day average of "Number of Unique Bitcoin Addresses Used" per day has reached a new all time high.
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Bullish divergence.

That's very good news, thanks. Hopefully we'll see price ATH in a few months. 

[hyphymikey]

Is it adoption, or just mixing services become more popular ?

Is there any indication that mixing services grow faster than other Bitcoin uses? I don't think so.

The news flow suggests that more and more businesses are accepting bitcoin. So it's reasonable to assume that Bitcoin is becoming more popular in general.

I agree with OP that price versus Bitcoin use shows a bullish divergence.

ya.ya.yo!

What if the person who supposedly stole all the gox coins are mixing, causing the adoption rate to climb, and then selling on the exchanges, causing the price to go down?

[jaredboice]

Is it adoption, or just mixing services become more popular ?

Is there any indication that mixing services grow faster than other Bitcoin uses? I don't think so.

The news flow suggests that more and more businesses are accepting bitcoin. So it's reasonable to assume that Bitcoin is becoming more popular in general.

I agree with OP that price versus Bitcoin use shows a bullish divergence.

ya.ya.yo!

What if the person who supposedly stole all the gox coins are mixing, causing the adoption rate to climb, and then selling on the exchanges, causing the price to go down?

That could be true.  But google searches for "how to buy bitcoin" is still at an all time high.  This has nothing to do with mixing services.  This is evidence of real demand

[mmortal03]

The 7-day average of "Number of Unique Bitcoin Addresses Used" per day has reached a new all time high.
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Bullish divergence.

It's now slightly below it, and doesn't show the high. The latest transactions must have dropped the average a bit.

[RodeoX]

IMO, this is a metric worth measuring. More important than price I think.