A golden cross of the SOPR Ratio indicator, which can only occur in a bull market, has appeared.
This signal occurs only once or twice in the entire upward cycle, and it is the second positive signal in the current upward cycle that started in January 2023.
After the golden cross appears, the market usually starts a strong rise within 2 months at the latest. The upcoming rise is likely to be a 'sharp rise in the final phase of the upward cycle.'
As the market moves towards the later stages of the cycle, the magnitude of the rise tends to be larger, and the periods of decline/adjustment are shorter.
If a steep rise occurs as implied by this indicator within the end of 2024 to the first quarter of 2025, it can be expected that new inflows and additional funds will enter the market, bringing it to its peak.
Written by Crypto Dan
