IT Tech2024-03-07

AI & on-chain Driven Analysis: Predicting the End of Bitcoin's Profitable Cycle.

Examining Bitcoin trends - bull and bear periods using the aSOPR metric. aSOPR - Adjusted Output Profit Ratio is a ratio of spent outputs (that lived more than an hour) in profit at the time of the window. The adjustment was made by not accounting for hourless-lived coins' movements. Values over '1' indicate that more investors are selling at a profit. Values below '1' indicate that more investors are selling at a loss. 🔴 12 Jan 18 - 25 Mar 19: Bitcoin was moved at a loss for 440 days 🟢 25 Mar 19 - 23 Sep 19: Bitcoin was moved at a profit for 180 days 🔴 23 Sep 19 - 22 Apr 20: Bitcoin was moved at a loss for 215 days 🟢 23 Apr 20 - 14 May 21: Bitcoin was moved at a profit for 387 days 🔴 14 May 21 - 16 Jul 21: Bitcoin was moved at a loss for 63 days 🟢 16 Jul 21 - 18 Nov 21: Bitcoin was moved at a profit for 125 days 🔴 18 Nov 21 - 05 Mar 23: Bitcoin was moved at a loss for 472 days 🟢 05 Mar 23 - 01 Jun 23: Bitcoin was moved at a profit for 83 days 🔴 01 Jun 23 - 21 Oct 23: Bitcoin was moved at a loss for 141 days 🟢 21 Oct 23 - 07 March 24 (current date): Bitcoin is moving at a profit for 138 days I asked ChatGPT: This is just a form of fun so please calculate approximately on average when the upward cycle will end? Results 👇 Analyzing data from previous cycles, we can observe that the average duration of growth periods ranges from approximately 83 to 387 days. If we take the average value of this range, we get around 235 days. Considering the current data, which indicates the ongoing growth period lasting 138 days, we can speculate that there is a potential possibility that the growth cycle could end in about the next 100-150 days (taking into account the average value). However, it's important to note that the cryptocurrency market is unpredictable, and past performance does not guarantee future results.