aSOPR metric: Bitcoin has not reached the top of the bull cycle yet

aSOPR-metric-Bitcoin-has-not-reached-the-top-of-the-bull-cycle-yet

Checking the aSOPR metric shows that Bitcoin is engaged in the 1.05 resistance. Bitcoin has experienced this level in previous cycles before the bull run. This could be similar to the scenario that happened in July 2019. Bitcoin will fluctuate between 57 and 72 thousand dollars for a while and then we will see a bull run. However, what is certain is that aSOPR has not yet reached the top level of aSOPR, which is around 1.1, in the previous cycles. The level that he has experienced in the top of the market in the previous two cycles