The Puell Multiple suggests that Bitcoin could rise by around 90% if past trends repeat themselves. 📈 This indicator looks at periods of high or low Bitcoin issuance compared to historical norms, which could influence market entry and exit strategies. 🤑

According to analysts at CryptoQuant, Bitcoin’s Puell Multiple is approaching a breakout above its 365-day simple moving average (SMA), which typically signals the start of a significant price rally. 🚀 Historical data shows that Bitcoin rose 83% after a similar crossover on March 30, 2019, followed by a 113% increase after January 8, 2020, and a 76% increase after January 9, 2024. 📊

The Puell Multiple calculates the ratio between the daily value of newly issued Bitcoin and its 365-day moving average, providing insight into mining economics and market cycles. 💡 Miners, often considered forced sellers due to operating costs, can significantly influence market prices through their revenue patterns. 💸

By identifying periods when Bitcoin’s daily issuance rate deviates from historical norms, this indicator signals potential strategic entry and exit points for investors. 🔍 History shows that when this metric crosses above its 365-day SMA, it is often followed by a major price rally, and the current breakout could signal a surge of up to 90%. 🌟

Market observers note that the current pattern coincides with expectations of changes in monetary policy, including a possible interest rate cut and changes in market liquidity conditions. 💰 With Bitcoin holding steady in a tight range between $88K and $93K, a breakout of the Puell Multiple could signal the next major price move. ⚡$BTC

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