Analysis on % Change in Unique BTC Addresses as a leading indicator of BTC Price

Read data in, clean and format. Merge two datasets together based on common date values. Plot each separately, and then together with two y-axis. Highlight bullish (green) and bearish (red) divergences on twin axis chart.

Key Takeaways: Since 2019, 1y % Change in Average Monthly Unique BTC Addresses has served as a reliable leading indicator in changes in BTC price. Sharp divergences are highlighted in green if bullish, and red if bearish. This is a useful tool for predicting short term BTC price action.