This Bitcoin indicator hints at upcoming massive $BTC growth. ali_charts CryptoMichNL
itself to go parabolic. Over the past seven years, this rise has led to significant price surges of the flagship digital currency.Martinez says that the Adjusted SOPR index has exceeded 1, which signifies the potential for a parabolic rise for Bitcoin. When below zero, this index hints at a bear market.
However, when aSOPR rose above the 1 level in 2015, 2019 and 2020, this caused Bitcoin to show staggering rises of 150% and 579% gains in the two former cases. In 2015, this pushed the price of digital gold up by a whopping 6,110% and made BTC hit its $20,000 all-time high, rising from slightly under $400.Historically, aSORP below 1 signals a bear market, & above 1 signals a bull market. In 2015, 2019 & 2020, it led to 6,110%, 150%, & 579% gains.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTCDomain Makes ․btc Happen on BTC Layer 1 – Press release Bitcoin NewsPRESS RELEASE. It truly is time to rejoice now that .btc domains have come to Bitcoin. BTCDomain is a user-friendly domain system built on Bitcoin that
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 on Easter Weekend – Market Updates Bitcoin NewsBitcoin was back above $28,000 on Saturday, as markets continued to react to the latest nonfarm payrolls (NFP) report.
Read more »
Bitcoin traders expect 'big move' next as BTC price flatlines at $28KBitcoin traders are lying in wait for a BTC 'impulse' to break the trading range.
Read more »
Here's How Bitcoin (BTC) Became Centralized: Explained by Cyber Capital CIOJustin Bons, CIO and co-founder of Cyber Capital, oldest European digital asset management firm, yet again raises concerns about Bitcoin (BTC) centralization
Read more »
BTC and ETH Price Analysis for April 9Can the top coins show a sharp move soon? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »
CPI to spark dollar 'massacre' — 5 things to know in Bitcoin this weekBitcoin meets CPI, Ethereum Shanghai upgrade and more in a key BTC price week.
Read more »