transaction rates and bitcoin price go hand in hand.
more transactions means higher value, and higher value means more transactions.
the transactions are nearing an all time high, the only time it has been (slightly) higher was a few days during november last year.
If this trend continues for a few more weeks, we will see the highest amount of transactions ever in bitcoin history, and the price will quickly follow.
what surprises me is how little the transaction volume has increased. Transactions are everything for bitcoin. Bitcoin will go to the moon if it is adopted as a payment mechanism, which means massive levels of transactions.
but the volume remains utterly miniscule. A few tens of thousands btc traded per day, and most of that can be accountedfor in terms of miners and speculators.
good news would be an increase in transactions to an economically material level