This article is about blockchain, trading, and technology news. Here’s the summary:
Bitcoin (BTC) could face a strong bull rally if the Puell Multiple indicator breaks out historically. CryptoQuant notes that this indicator has crossed its 365-day moving average only three times, and each time BTC/USD experienced significant price increases. The Puell Multiple helps us understand market cycles from a mining perspective and is a critical indicator for assessing mining profitability. Macroeconomic conditions are also said to support this potential rally. Share your thoughts in the comments.