đ¨đ¨ Bitcoin Bear Market Incoming? 3 Scenarios You Need to Know! đ
đ§ Key Scenarios for Bitcoinâs Bear Market: Whatâs Next?
Crypto analysis firm Alphractal just dropped a bombshell report, warning of a potential Bitcoin Bear Market. The spotlight is on the Spent Output Profit Ratio (SOPR), which could signal big moves ahead! Letâs break it down:
đ SOPR Trend Signal: Bitcoinâs Market Compass
Since 2015, the SOPR Trend Signal, paired with moving averages (EMA & MA), has been a powerful tool for identifying Bitcoinâs market cycles. Alphractal highlights that while bull markets are getting shorter, bear markets are stretching longer.
đ¨ Unusual Patterns in 2024 Data!
This year, things are looking odd. Only one SOPR signal surpassed the critical 1.015 level, often a red flag for a long bear market. In contrast to past cycles, where two signals confirmed a downturn, we might be looking at just one this time. Based on this, Alphractal sees three possible outcomes:
đ 1. All-Time High
Bitcoin could still shoot for the stars, matching its 2021 peak, but the data suggests the tides might be turning bearish.
đť 2. Bear Market Already Here
If no second SOPR signal appears, the bear market may have quietly begun back in March 2024.
đš 3. Optimistic Reaccumulation
The metric could rise again, sparking a reaccumulation phase similar to 2019-2020, leading to future highsâbut it could take months.
đ Whatâs Next?
With three potential scenarios in play, Bitcoin investors need to stay sharp! Whether itâs a bear market or a reaccumulation period, only time will tell how this crypto saga unfolds.
Stay tuned! đ§
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