😁 If no Black Swan event occurs in the market, the uptrend of #Bitcoin could last for about 400 more days. This is assessed based on the historical returns index (LTH) and the number of days of high returns highlighted in green on the chart.
Currently, the highest value of the #SOPR index (Spent Output Profit Ratio) above LTH's 30-day moving average is 2.82. This number is much lower than the 2018 peak of 16.54.
This means that the current level of profits for Bitcoin holders is still not as high as it was during the previous peak. Therefore, if no unexpected events occur, Bitcoin's upward price trend will likely continue in the near future.
