Quote from: NathanJB on January 13, 2020, 03:26:23 AM

Quote from: psjin128 on January 13, 2020, 02:42:56 AM

So i heard that the number of Bitcoin transaction increased double recently.

which means i can expect price increasing near future right?

The rising of Bitcoin transaction is expected in the long run. Despite short-term fluctuations, it is rising in the bigger picture.

The price is a different story. The number of transactions is not directly correlated to the price such that an increase in transactions is not necessarily equal to an increase of price.

Yes, there is no correlation between price and number of transactions because a person can transact multiple times but he can't buy bitcoin always. Probably, if he will buy btc there is a possibility that he buy for a bulk. If it not, he is lose in trading fees.
However, there is a positive response from having a lot of transactions. It means that time by time, people are more using bitcoin payment. And it is a sign for a price surge of bitcoin.