Is it possible to predict when the Bitcoin bull may end using artificial intelligence and on-chain data?
A writer from on-chain data platform CryptoQuant detailed whether the end of the bull run in Bitcoin can be predicted using on-chain data and artificial intelligence.
For this result, the analyst uses the chart that shows the average profit or loss rate of Bitcoins sold over a time period. “Adjusted Output Gain Ratio” meaning aSOPR It was stated that the data will be used. The analyst also said that with less than an hour remaining Bitcoins cannot be taken into account he stated.
Prepared by the analyst aSOPR The processes he prepared according to whether the data was below or above level 1 were as follows;
🔴 12 January 18 – 25 March 19: Bitcoin moved at a loss for 440 days
🟢 25 March 19 – 23 September 19: Bitcoin moved with profit for 180 days
🔴 23 September 19 – 22 April 20: Bitcoin moved at a loss for 215 days
🟢 23 April 20 – 14 May 21: Bitcoin moved with profit for 387 days
🔴 14 May 21 – 16 July 21: Bitcoin moved at a loss for 63 days
🟢 16 July 21 – 18 November 21: Bitcoin moved with profit for 125 days
🔴 18 November 21 – 05 March 23: Bitcoin moved at a loss for 472 days
🟢 05 Mar 23 – 01 Jun 23: Bitcoin moved with profit for 83 days
🔴 01 June 23 – 21 October 23: Bitcoin moved at a loss for 141 days
🟢 21 October 23 – 07 March 24 (current date): Bitcoin has been operating with profit for 138 days.
Stating that he asked this data to artificial intelligence, the CryptoQuant author stated that considering the data of previous cycles, the rise periods ranged between 83 and 387 days, so the average can be taken as 235 days.
In this respect, the current rise period, which lasts 138 days, is approximately 100-150 another day It was stated that it could be expected to continue. This approximately corresponds to the average month of July.