strong buy
Bitcoin Indicates Potential for Parabolic Rally to $139K Based on Key On-Chain Metric
The bullish momentum of Bitcoin might still be in its early phase, based on one of the most significant on-chain indicators—the Glassnode’s Long-Term/Short-Term Supply Ratio. In this analysis, Aaron revisits a chart initially shared two weeks ago on the Coin Bureau Trading channel. Since then, the indicator has validated a pattern that historically led to substantial Bitcoin surges in 2017 and 2021.
The notable decline in the supply ratio, along with decreasing +v metrics, is a historically consistent sign pointing toward an imminent parabolic rally. If historical patterns hold, Bitcoin's price could soar to $139,000 or even higher.
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AI Analysis
The current analysis focuses on the Glassnode LTH/STH Supply Ratio, a highly regarded on-chain indicator that compares long-term holder supply to short-term holder supply. A sharp decline in this rati...
AI Recommendation
For investors, this analysis suggests remaining attentive to Bitcoin's price actions and on-chain signal developments. Those with a high-risk tolerance might consider accumulating Bitcoin, anticipatin...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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partial sell