Bitcoin Puell Multiple Tops 1.00 for First Time in 10 Months
- —7-day Puell Multiple average hit 1.0771, an 11-month high
- —Indicator crossed above the 1.00 threshold for the first time in about 10 months
- —Readings below 1.00 have historically coincided with accumulation zones and market bottoms
- —Analysts' next target for the indicator is 2.00
Why it matters: The exit from the accumulation zone may signal a shift in market phase and open the way for Bitcoin to test key resistance levels.
Source: Koin Bülteni