Back in October 2024 I was very confident in a new #BTC ATH but not now.
According to the #BTC Puell Multiple indicator we had one last leg up on Price and as you can see we got it - #BTC went from $60k to $110k 📈
But the problem is we didn’t get a Higher High on the indicator 🤔
So now we have a Higher High on Price and a Lower High on Puell Multiple - that’s a BEARISH Divergence❗️
We had this Bearish Divergence only 2 times - Cycle Top in 2013 & Cycle Top in 2021
This is something to think about if you’re a #BTC bull
Post #11693
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CryptoBullet #BTC Puell Multiple indicator 💡 This is why I think #BTC is not done yet and we’ll get a new ATH soon According to this chart, Bitcoin Bear Markets end (#BTC finds the bottom) when Puell Multiple reaches the Green Zone Then Puell Multiple bounces as #BTC…
