Wednesday November 20, 2024 1:20 AM
1 day 10 hours ago
Bitcoin could experience a “strong bull rally” if the Puell Multiple, a key BTC price metric, follows a historical breakout pattern. In a Nov. 18 blog post, CryptoQuant highlighted that Bitcoin’s Puell Multiple is nearing a rare golden cross with its 365-day moving average (SMA365), a signal that has historically triggered significant price surges. Puell Multiple Breakout Could Spark 90% BTC Price Rally CryptoQuant’s analysis reveals that in the past five years, the Puell Multiple has crossed its SMA365 only three times. Each occurrence coincided with substantial BTC price gains, averaging a 90% increase. “Puell Multiple helps us understand market
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