This Metric Suggests BTC Could See a Sharp Uptick Within the Next 2 Months

The Spent Output Profit Ratio (SOPR), a key indicator in crypto markets, has recently formed a ‘golden cross’—a rare event often linked to rising prices. According to on-chain data provider CryptoQuant, this marks the second bullish signal in the current market cycle, fueling optimism for a significant price rally in the coming months.

Strong rise in #Bitcoin is expected within 1-2 months

“This signal occurs only once or twice in the entire upward cycle, and it is the second positive signal in the current upward cycle that started in January 2023.” – By @DanCoinInvestor

Full post 👇https://t.co/pFpGEAnAOh pic.twitter.com/cvZnXCs4Fh

— CryptoQuant.com (@cryptoquant_com) December 2, 2024

BTC Poised for Surge Ahead of 2025

The ongoing upward trend, which started in January 2023, stands out because the ‘golden cross’ signal rarely happens, usually only once or twice during a market uptrend. This signal has often appeared before major price jumps, typically within two months, hinting at the possibility of bigger gains.

As the market approaches the final phase of this cycle, analysts expect price surges to accelerate while corrective phases become shorter. CryptoQuant highlighted that if past patterns repeat, a sharp rally could unfold before early 2025, potentially driving the market to unprecedented levels. Such a surge would likely attract substantial capital inflows, pushing asset prices higher as the cycle concludes.

The SOPR Ratio indicator, closely monitored for its historical alignment with key market trends, has sparked optimism for significant price movements. However, traders remain cautious, as heightened volatility often characterizes the late stages of bull markets.

Investors’ Expectations

In related news, prominent figures in the cryptocurrency space have made bold price forecasts for Bitcoin (BTC) during this cycle. Some investors expect BTC to peak at $250,000 in 2025. For example, financial author Robert Kiyosaki has urged investors to prioritize accumulation during price dips, emphasizing long-term value over short-term fluctuations.

Meanwhile, Dan Morehead, CEO of Pantera Capital, is even more bullish, envisioning BTC reaching $740,000 by 2028. He credits the ambitious target to shifting regulatory landscapes and President-elect Donald Trump’s crypto-friendly stance, including his proposal to integrate Bitcoin into U.S. reserves. Morehead views BTC as a more modern store of value than gold.