BTC Bottom Confirmed as Bull Run Begins

Bitcoin has confirmed the bottom and is now beginning a strong upward rally, according to cryptocurrency analyst CW8900. He explained that Bitcoin (BTC) long-term holder (LTH) on-chain profit ratio (SOPR) has risen above 1 while maintaining an uptrend, indicating the market's shift from a bearish phase to neutral territory. In past cycles, LTH SOPR peaked above 6 before cycle highs were reached. CW8900 noted that this cycle's peak will form when the LTH SOPR indicator surpasses 6 and significant profit-taking begins.