Key Points on Bitcoin's Potential 90% Price Rally 👇👇
1. Puell Multiple Signaling Historical Breakout
The Puell Multiple, a key Bitcoin mining metric, is nearing a golden cross, historically associated with substantial BTC price rallies.
Previous crossovers in 2019, 2020, and 2024 led to BTC price increases of 83%, 113%, and 76%, respectively.
2. Average 90% Price Surge Anticipated
Historical data shows that a breakout above the 365-day moving average for the Puell Multiple correlates with an average 90% BTC price increase.
3. Insights from Mining and Market Cycles
The Puell Multiple evaluates the daily value of mined Bitcoin relative to its 365-day moving average.
These crossovers historically mark the beginning of significant BTC price rallies, indicating miner stability and bullish market cycles.
4. Favorable Macroeconomic Conditions
Supportive macroeconomic trends are providing a conducive environment for a strong Bitcoin bull run.
5. RSI Confirms Bull Market Onset
The Relative Strength Index (RSI), a key momentum indicator, measured 74.4 on Nov. 18, confirming that Bitcoin’s bull market is just beginning.
During previous bull markets, RSI levels above 70 signaled intense growth phases.
6. Long-Term Market Expectations
Analysts project Bitcoin could achieve six-figure valuations, with the parabolic growth phase lasting approximately 300 days before reaching a new macro top.
However, market speculation suggests retail-driven FOMO (Fear of Missing Out) could lead to corrections during this phase.
7. FOMO and Price Projections
Experts, including PlanB, predict FOMO will intensify in early 2025, further driving Bitcoin's bullish momentum as the market enters its strongest phase.
These indicators suggest that Bitcoin is poised for substantial growth, driven by a combination of mining stability, macroeconomic support, and investor sentiment.