Bitcoin is having a great week. It has risen in price by as much as 30% since July 21, and many traders are beginning to expect a drop, or at least a slight correction, precisely because of this growth. However, data from Glassnode suggests that Bitcoin has been doing really great and that the correction will not come any time soon.

The popular analytical company Glassnode has been publishing analyzes from the cryptocurrency environment for some time. The last of its analyses will especially please cryptocurrency enthusiasts and long-term optimists, as it predicts Bitcoin will grow as fast as in 2017. This is evidenced, in particular, by the number of new Bitcoin addresses, which are currently at the highest level in the last three years. The growth curve of the new addresses suggests the same, as it is rising at the same speed as in the last bullrun. That's why analysts are now speculating whether this growth is the beginning of another bullrun.

The number of Bitcoin addresses may also increase due to significantly increased volatility over the recent weeks. Volatility always attracts those who wish to earn quick bucks, hoping they would get lucky. The current situation, however, is slightly different. New addresses were not added so quickly even the last year, when the price of BTC reached over $ 14,000, while in the two weeks of June the largest cryptocurrency recorded an increase of up to 85%. This means that the current growth is not only more stable, but also healthier and more beneficial from the point of view of cryptocurrencies.