A bullish run for Bitcoin is expected as the
() Bears are “sold out” and even selling at a loss this week, recent data confirms.
- Bitcoin price metric that turned green just before the recent uptrend returns
In a tweet Tuesday, Philip Swift, an analyst at the Decentrader trading suite platform, saw an ongoing uptrend in the spent production profit rate (SOPR).
Bitcoin bears run out of FUD SOPR, a classic metric for determining oversold periods in Bitcoin markets, among other things, switched to “buy” for the first time since July last week.
Read the full article on Cointelegraph
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