There’s No Problem as Long as Bitcoin Doesn’t Reach 4: The Price Still Has Potential! - Coin Bulletin

robot
Abstract generation in progress

Despite the fact that Bitcoin's (BTC) sell-offs are accelerating towards the peak of 2025, the indicators show that the price has not yet reached the peak for this bull.

The recent rise in the price of Bitcoin (BTC) continues to bring smiles to investors, while long-term investors have also started to sell their Bitcoins (LTH) at increasingly higher profits. However, according to the data shared by a CryptoQuant analyst, this situation has not yet reached a level that would create excessive selling pressure in the market. The SOPR indicator is still below the red zone that represents the macro cycle peak.

According to the data, the SOPR indicator is currently hovering just above the 2.5 level. Historically, a break above the 4.0 level for SOPR is considered a critical threshold indicating that a peak in the Bitcoin market is approaching. However, since the current values have not yet approached this level, experts believe that there is still upward potential in the bull market.

div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { display: inline-block; padding-top: 10px; padding-bottom: 10px; }

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { width: 320px; height: 100px; } }

@media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { width: 728px; height: 90px; } }

The bull peak has not been reached yet!

The SOPR indicator, closely monitored by Bitcoin investors, stands out for accurately predicting the peak in previous cycles. The entry of SOPR into the red zone generally indicates that excessive optimism and high selling have begun among investors.

According to CryptoQuant, the current situation indicates that we are still far from a market peak. Nevertheless, investors are advised to be cautious and closely monitor market trends.

BTC0.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)