Analysts at bexplus believe that: As prices continue to rise, the number of active BTC addresses reached a staggering 1.18 million on November 4, which is close to the historical peak of 1.28 million on December 14, 2017. In this sense, the current market of BTC is gaining recognition from more investors. Regardless of the investor's participation goal, the increase in the number of active addresses is undoubtedly an important factor driving up prices.
After the number of active BTC addresses rebounded sharply, BTC rebounded to the latest $14,375. At the same time, the expected rebound of mainstream currencies has increased, and short-term gains of most currencies have rebounded. The short-term gain of ETH exceeds that of BTC, which means that the mainstream currency has shown signs of starting.
Looking at BTC, the current point is 13% away from the $16,297 corresponding to 78.6% of Fibonacci, and 38% away from the historical high of $19,875. From the perspective of price trends, BTC can easily rise to a high of $16,297 in the near future, and this increase is within the daily fluctuation range of BTC. On the daily line, under the background of continuous new closing highs of BTC above 13488 US dollars, the support of this point has been confirmed in the short-term. According to the current price trend of BTC, the main force may be suspected of raising the price of BTC by the news.