šØ BITCOIN EXPLOSION INCOMING? Puell Multiple Hints at 90% Surge! šØ
Is Bitcoin About to Break Records?
Bitcoinās price could be on the verge of an earth-shattering rally as the Puell Multiple, a key mining profitability indicator, flashes bullish signals. According to CryptoQuant, this metric suggests a potential 90% price surge, aligning with past trends that have triggered massive Bitcoin rallies.
What Is the Puell Multiple Telling Us?
The Puell Multiple measures mining profitability by comparing the daily value of mined Bitcoin to its 365-day moving average. Whenever it crosses its SMA365, explosive price action typically follows. Historical data shows:
March 2019: Bitcoin soared 83%.January 2020: A jaw-dropping 113% rally.January 2024: A stunning 76% gain.
Now, the metric is flashing the same signal, and analysts predict Bitcoin could climb well beyond its $93,000 high, with a potential average rally of 90%.
Favorable Macro Trends Are Fueling Optimism
Easing monetary policies and strong institutional demand are creating ideal conditions for Bitcoinās growth.The Relative Strength Index (RSI), a key momentum indicator, signals the beginning of a bull market, sitting above its "overbought" level at 74.4, a hallmark of Bitcoinās parabolic runs.
Will Bitcoin Hit $100K?
With Bitcoin already up 40% in Q4 2024, experts believe itās only a matter of time before it smashes through six figures:
PlanBās Stock-to-Flow model suggests retail FOMO could push Bitcoin into uncharted territory in 2025.Preston Pysh warns this cycle could introduce a new wave of buyers unfamiliar with Bitcoinās volatility.