A significant development has emerged in the cryptocurrency market with the appearance of a golden cross in the SOPR Ratio indicator, a signal exclusive to bull markets. This rare event, occurring only once or twice in an upward cycle, marks the second positive signal since the current cycle began in January 2023. Historically, such a signal precedes a strong market rise within two months, suggesting a potential sharp increase in the final phase of this cycle. As the cycle progresses, rises become more pronounced, while declines shorten. Should this trend continue into late 2024 or early 2025, substantial new investments could drive the market to new heights.
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