🚨 Bitcoin Opportunity Alert! 🚨

The Puell Multiple, a key on-chain metric, is nearing the "Decision Zone" (0.6-0.8). Historically, when this index dips below 0.6, it signals a prime buying opportunity for $BTC .

With the current Puell Multiple at 0.69 and Bitcoin trading at $58,416, this could be a critical moment for investors to consider Dollar Cost Averaging (DCA). Stay sharp! 🚀

#Bitcoin #BTC #PuellMultiple #CryptoTrading #Binance

📊 Could Bitcoin's Golden Cross Signal a Major Price Breakout?

Bitcoin is showing some promising signs for a potential rally! Here are the key factors you should know:

🔑 Key Points:

The Puell Multiple has dropped below 0.4, often signaling a market bottom. With decreased miner selling pressure, we might be looking at a possible price recovery.

A Golden Cross has formed on the 2-month chart, where the 50-period moving average has crossed above the 200-period, hinting at a bullish trend.

Bollinger Bands are tightening, signaling a potential breakout, and the RSI stands at 51.05, leaving room for upward momentum.

🚀 Miners and Market Dynamics:

Miners are earning less but holding onto their coins, which means less selling pressure in the market.

Increased on-chain activity (0.93% rise in active addresses) suggests growing engagement.

📈 What’s Next? With key technical indicators aligning, Bitcoin could be on the verge of a breakout. Keep an eye on these trends—this might be the signal investors have been waiting for!

#BTC☀ #CryptoMarketMoves #GoldenCross #PuellMultiple #BinanceSquareFamily $BTC

Since our launch in 2022 we released 30 tools among which are trading calculators, aggregated data, technical indicators, and off-chain & exchange analytics. And now the time has come for on-chain analytics, too.

We're proud to announce that in the coming weeks we'll release Bitcoin MVRV Z-Score and Puell Multiple indicators, which are used to identify periods when Bitcoin is either over or undervalued, helping investors to predict tops/bottoms and understand what might be the best moment to buy or sell their $BTC. Stay tuned!

#MVRV #PuellMultiple #BTCanalysis #BitcoinPricePredictions #btcupdates2024

We're proud to let you know that the work on our two first on-chain analytics tools is almost finished and new MVRV Z-Score and Puell Multiple indicators—which are both used to predict local/macro tops and bottoms—will be released next week. Stay tuned!

#PuellMultiple #MVRV #mvrvzscore #mvrvz #OnChainAnalysis