đ Bitcoin Ready for a Breakout? đ
After six months of sideways action, Bitcoin might finally be gearing up for an epic price breakout! Multiple on-chain indicators suggest that BTC is transitioning from one of its worst months to potentially one of its best. đ
CryptoQuant's Amr Taha notes that Bitcoinâs Puell multiple has hit a low of 0.4, a level historically signaling buying opportunities. This could mean BTC is undervalued and nearing a market bottom. đ
Adding to the optimism, Bitcoinâs hash rate reached an all-time high, indicating fierce competition among miners. Despite declining BTC prices and reduced mining rewards, this could be a bullish sign. đȘ
October could be a game-changer! Historically, Bitcoin performs poorly in September but shines in the following months, with October averaging 29.5% gains. đ
Stay tuned, BTC enthusiasts! The sideways summer might just be over. đ
