Bitfinex: Bitcoin’s Growth Phase Will Return

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The Bitfinex exchange believes that, with the SOPR index currently in the green zone, reflective of most sales operations becoming profitable again, the cryptocurrency market may enter a long-term growth phase in the coming weeks.

Holding above $30,000 in the coming days could be a strong signal of support for Bitcoin, as traders resume buying.

As the SOPR rises during a bull run due to a decrease in supply, a persistently high SOPR could indicate that we are in the early stages of a bullish trend.