On November 27, according to analyst @ali_charts, the Puell multiple has marked the bottom of the Bitcoin cycle since 2015, and when it falls below 0.50, the Bitcoin price hits bottom. It is now at 0.67.
Note: The Puell multiple is created by Glassnode and is calculated by dividing the daily miner revenue of Bitcoin by its 365-day moving average.
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On November 27, according to analyst @ali_charts, the Puell multiple has marked the bottom of the Bitcoin cycle since 2015, and when it falls below 0.50, the Bitcoin price hits bottom. It is now at 0.67.
Note: The Puell multiple is created by Glassnode and is calculated by dividing the daily miner revenue of Bitcoin by its 365-day moving average.