The scale of BTC sell order is increasing rapidly, pay attention to adjust your expectations
The price of BTC not only broke through the resistance level of US $16,000, but also closed at a high level of US $16,294 on Nov 12th. This shows that BTC has completed its strongest recent breakthrough and the price has entered a new fluctuation range. During this period, BTC's increase is likely to reach a record high of US $19,875.
As the number of BTC active addresses rebounded slightly to a high of 1.05 million, the transaction activity of BTC has remained relatively high recently. The highly active trading status of BTC began on November 4, but it has not cooled down significantly. This may be a signal of price continual increase of BTC.