Bitcoin NVT, NVT Signal trending upwards

$BTC NVT is trending upwards after bottoming Feb 6. See chart from @coinmetrics. NVT Signal chart from @Woonomic shows similar pattern. #bitcoin

Bitcoin’s NVT (network value/transaction) has been moving in a general upward trend since bottoming on Feb 6th. Here’s a chart using the great charting tools at coinmetrics.io:

bitcoin nvt moving up

Likewise, Willy Woo’s NVT Signal chart shows a similar pattern: