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<ul> 
 <li>Bitcoin (BTC) is predicted to experience a short-term recovery, according to a crypto analyst.</li> 
 <li>The analyst, a contributor to on-chain analysis platform CryptoQuant, shared his latest assessment of Bitcoin’s current status.</li> 
 <li>Focusing on the relationship between short-term SOPR data and the Bollinger Band, the analyst emphasized that the data suggests a recovery in the coming days.</li> 
</ul> 
<p><strong>Bitcoin (BTC) is poised for a short-term recovery, according to a crypto analyst’s interpretation of short-term SOPR data and the Bollinger Band.</strong></p> 
<h2 id="strong-bitcoin-s-short-term-recovery-prediction-strong"><strong>Bitcoin’s Short-Term Recovery Prediction</strong></h2> 
<p>The crypto analyst, who contributes to the on-chain analysis platform CryptoQuant, has shared his latest assessment of Bitcoin’s current status. The analyst’s focus is on the relationship between short-term SOPR data and the Bollinger Band. Historically, in bull markets, when the short-term SOPR indicator reaches the bottom level of the Bollinger Band, it results in a wave of increase. The analyst suggests that the same thing could happen again.</p>

Two Key Indicators Signal Potential Upsurge for Bitcoin (BTC): Is a New Wave on the Horizon?

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