Is it possible to predict when the bull market in Bitcoin will end using artificial intelligence and on-chain data?
An author at the on-chain data platform CryptoQuant detailed whether the end of the bull market in Bitcoin can be predicted using on-chain data and artificial intelligence.
The analyst stated that the “Adjusted Spent Output Profit Ratio” (aSOPR) data, which shows the average profit or loss ratio of Bitcoin sold in a time interval, would be used for this result. The analyst also noted that Bitcoin that remains for less than an hour would not be taken into account.
The processes prepared by the analyst based on the aSOPR data were as follows based on whether it was above or below level 1;
🔴 Jan 12 18 – Mar 25 19: Bitcoin moved at a loss for 440 days
🟢 Mar 25 19 – Sep 23 19: Bitcoin moved at a profit for 180 days
🔴 Sep 23 19 – Apr 22 20: Bitcoin moved at a loss for 215 days
🟢 Apr 23 20 – May 14 21: Bitcoin moved at a profit for 387 days
🔴 May 14 21 – Jul 16 21: Bitcoin moved at a loss for 63 days
🟢 Jul 16 21 – Nov 18 21: Bitcoin moved at a profit for 125 days
🔴 Nov 18 21 – Mar 05 23: Bitcoin moved at a loss for 472 days
🟢 Mar 05 23 – Jun 01 23: Bitcoin moved at a profit for 83 days
🔴 Jun 01 23 – Oct 21 23: Bitcoin moved at a loss for 141 days
🟢 Oct 21 23 – Mar 07 24 (current date): Bitcoin has been moving at a profit for the last 138 days.
The CryptoQuant author, expressing that they asked artificial intelligence for this data, stated that considering the data from previous cycles, the rising periods ranged from 83 to 387 days, so it can be considered an average of 235 days.
Accordingly, it was stated that the current 138-day rising period can be estimated to last about 100-150 more days on average. This situation corresponds to approximately the month of July.
