STH-SOPR (Exponential Moving Average - 30) value is back to being greater than 1.

STH-SOPR-Exponential-Moving-Average-30-value-is-back-to-being-greater-than-1

After nearly four months, from December 2021 to now, the STH-SOPR (Exponential Moving Average - 30) value is back to being greater than 1.

Examining the trend implies that short-term investors realize their coins where the trading condition is more profitable.

From 2017 to now, when STH-SOPR (EMA-30) is greater than 1, the Bitcoin price has increased again. If the index maintains below 1, it will be a bear market.

Only two times was this indicator disabled when the recovery trend failed in the last five years when EMA30 was above 1.0 but came back below later. The first time was July 2019, and the second time was February 2020.

So what will happen next, will there be another exception or stay with the trend?