[Analysis] "Bitcoin, Strong Uptrend Expected in 1-2 Months"

Suehyeon Lee

Summary

There is a forecast that Bitcoin (BTC) will see a strong uptrend in the next 1-2 months.
CryptoQuotient author Crypto Nick explained that after a Golden Cross in the SOPR Ratio chart, a strong uptrend is likely to start within approximately 2 months.
Additionally, a strong uptrend period is expected between the end of 2024 and the first quarter of 2025, which could lead to a market peak.

There is a forecast that Bitcoin (BTC) will see a strong uptrend in the next 1-2 months.

On the 2nd (local time), CryptoQuotient author Crypto Nick stated, "A Golden Cross has occurred in the SOPR Ratio chart, which only happens in an uptrend market. After the Golden Cross appears, the market tends to start a strong uptrend within 2 months at the latest."

He added, "The upcoming uptrend is likely to be a rapid uptrend in the latter half of the uptrend cycle. If the index remains stable, a steep uptrend could emerge between the end of 2024 and the first quarter of 2025, with new inflows and additional funds entering the market, leading it to a peak."

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