🚀 Bitcoin Metric Breakout Sparks Hype for a 90% Rally!

Bitcoin is flashing rare bullish signals, and analysts are predicting a potential 90% price surge, fueled by a breakout in the Puell Multiple—a key mining profitability metric. Historically, this breakout has preceded major bull rallies, and this time could be no different.

What’s Happening?

The Puell Multiple, which compares daily mined BTC value to its 365-day moving average, has crossed the crucial “golden cross” line. Similar events in 2019, 2020, and January 2024 led to rallies of 83%, 113%, and 76%, respectively. Based on these patterns, analysts are calling this move “inevitable” and estimate Bitcoin could soar by 90%.

More Bullish Signals

Bitcoin's RSI (Relative Strength Index)—a momentum indicator—has entered the bullish “overbought” zone at 74.4, signaling a possible sustained rally.

The broader macroeconomic environment is favorable, with analysts seeing conditions aligning for a strong bull market.

What’s Next?

Expectations for Bitcoin to break six figures are growing, though some warn of a potential correction driven by retail FOMO (Fear of Missing Out). Analysts like PlanB suggest the main hype wave will arrive in early 2025, but for now, Bitcoin’s parabolic phase seems to have just begun.

With BTC already up over 40% in Q4, the stage is set for explosive growth. Will Bitcoin rewrite history again with another record-breaking rally?

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