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3 Charts Suggesting Bitcoin Price May Be Bottoming
Data from Blockchain, tracking the number of unspent transaction outputs (UTXOs), confirmed transactions by day and exchange volumes in USD for Bitcoin, reveals lows not seen since 2017. Its fall from all-time highs of $20,000 in December 2017 formed the downside of what has become a boom-and-bust cycle for Bitcoin. As Bitcoinist reported, a run-up, crash and slow build-up to a new high has in fact characterized BTC/USD since its inception.