Bitcoin’s SOPR Signals Possible Correction Ahead
Bitcoin’s price continues on a gradual decline, trading just above $81,000. This marks a significant drop from its all-time high earlier this year. Currently, Bitcoin sits at $81,086, reflecting a slight increase of 1.7% in the past 24 hours, but it still shows a 2.3% decrease over the past week. The Bitcoin SOPR metrics indicate a critical level that warrants attention. Traders should remain vigilant to assess the likelihood of a deeper correction as the market dynamics shift. Ongoing evaluation of the price trends is imperative for informed trading decisions.