Bitcoin Price Analysis – Bearish in the interim

Despite declining daily transactions, NVT has begun to decrease, suggesting more on-chain value is being transmitted. SegWit and batching have massively improved scalability going forward for the next swath of heavy network usage. Although many months away from mainstream use, the Lightning Network has also greatly improved the consistency of low-cost transaction fees for microtransactions. Future improvements to come for scalability and privacy include; bulletproofs, MimbleWimble, Schnorr signature aggregation, and MAST.