Another Bitcoin Indicator Hints At Explosive BTC Price Growth

Another Bitcoin Indicator Hints At Explosive BTC Price Growth
фото показано с : zycrypto.com

2023-4-10 20:04

Bitcoin has been known to defy expectations repeatedly, and the latest indication suggests that it might just be gearing up for another explosive growth phase. The sentiment among Bitcoin traders and investors has been bullish for some time now, and the latest development only adds fuel to the fire.

The key metric in question is aSORP (90d), which stands for Average Spent Output Lifespan Ratio. This ratio measures the average lifespan of a spent output, which is the time between when a Bitcoin is spent and when it is spent repeatedly. Historically, when the aSORP is below 1, it signals a bear market, while a value above 1 suggests a bull market.

https://twitter.com/ali_charts/status/1645043309906210818?s=20

In the past, aSORP (90d) has provided some impressive results. For instance, in 2015, 2019, and 2020, it led to massive gains of 6,110%, 150%, and 579%, respectively. These figures demonstrate the potential for aSORP to forecast market trends accurately, and it is for this reason that the recent development has many investors excited.

Currently, aSORP (90d) has moved above 1, indicating that Bitcoin is poised for a bull market. The implications of this could be far-reaching, as it could mean that Bitcoin is on the cusp of a parabolic surge — a sudden and dramatic price increase that occurs when a market experiences an influx of new buyers.

It’s important to note that Bitcoin’s price is influenced by a variety of factors, including market sentiment, global events, and regulatory changes. While the aSORP is a reliable indicator of Bitcoin’s growth potential, it’s essential to consider these other factors.

Despite these risks, many traders are bullish on Bitcoin’s long-term prospects. The cryptocurrency has proven to be a resilient asset, with a growing number of businesses and individuals accepting it as a form of payment. As more people adopt Bitcoin, its value will likely continue to advance.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 70012.87 (-0.09%)
Объем 24H $45.146b
Изменеия 24h: 3.17 %, 7d: -3.75 %
Cегодня L: $66916.68 - H: $70339.13
Капитализация $1384.726b Rank 1
Цена в час новости $ 29168.58 (140.03%)

bitcoin another suggests indication latest might gearing

Источник: zycrypto.com

bitcoin another → Результатов: 126


Фото:

Missed The Bitcoin Dip? Analysts Pinpoint Next Entry Zones To Watch Out For

Richard Branson once said that “Business opportunities are like buses; there’s always another one coming” and this holds true with Bitcoin. As Bitcoin edges closer to recouping April’s high of $64,854, this presents yet another make-or-break moment for the entire crypto market, with some quarters preparing for the worst in expectation of a massive dump. Even […]

2021-10-19 16:23


Фото:

Bitcoin Likely to See Further Downside After Price Fails to Break Key Level

Bitcoin has been facing some immense selling pressure as of late, with the resistance found within the mid-to-upper $19,000 region proving to be too much for bulls to handle Despite seeing another strong rejection here overnight, it is important to note that Bitcoin once again set another higher-high This indicates that the cryptocurrency could be on the cusp of seeing another bid at breaking through the resistance it has been struggling with The support it […]

2020-12-5 02:00


Indian Congress Demands Probe Into Bitcoin Scam Involving Top Officials

Another day, another crypto-related scam. This time it’s in India, where members of the nation’s congress have demanded a Supreme Court-monitored investigation into a “mega Bitcoin scam.” Calls for the probe are led by senior congressional leader Shaktisinh Gohil, who accuses the top leadership of the country’s largest political party, the Bharatiya Janata Party, of […]

2018-7-8 19:00


Western Union files new patent with reference to Bitcoin [BTC] and Litecoin [LTC]

On 5th July, Western Union Company, an American Financial Services and Communication company filed a new patent with the US Patent and Trademark Office. The patent aims at ‘receiving and handling secure transfers’ in the electronic transfer network space which includes the transfer of cryptocurrency or digital currency from one device to another from different […]

2018-7-7 22:59


Фото:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.

Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?

Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average.