There has been a marked resurgence in active bitcoin traders along with the price rally over the past three months. The tools of the trade are also expanding as more and more people get into bitcoin trading.
Bitcoin Traders Grow In Numbers
One of the most popular tools of the trade has now reached the remarkable figure of 2.5 million active bitcoin traders. Tradingview is used to provide accurate charts and a full array of technical indicators for bitcoin and other popular crypto assets.
With more traders entering the scene they are constantly on the lookout for price indicators from fellow analysts that mostly live on crypto twitter. Tradingview has responded with an ever-expanding array of tools focused on the crypto community.
According to the site it first launched crypto services in 2017 more than 5 million monthly users have utilized their products to get real-time charts and data for bitcoin price. The figure peaked at around 5 million during the crypto market peak of early 2018, and the current active trader count is now around half at 2.5 million.
“Charting service @tradingview now counts 2.5 million Bitcoin traders among their monthly users. “They are extremely engaged, and check in more than 7x / day on average.””
Charting service @tradingview now counts 2.5 million Bitcoin traders among their monthly users. “They are extremely engaged, and check in more than 7x / day on average.” HT @zackvoell pic.twitter.com/8UGp3iD417
— Tuur Demeester (@TuurDemeester) July 22, 2019
As with many bitcoin price trends that correlate with price the chart virtually mirrors that of BTC itself which is no real surprise. Usage clearly correlates with price but with a lag of about a month,