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.
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