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Bitcoin still lacks this on-chain signal for BTC bull market — David Puell By Cointelegraph

by Index Investing News
December 17, 2022
in Financial
Reading Time: 1 min read
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© Reuters.

(BTC) only needs one more key on-chain signal for a classic bull market to begin, analyst David Puell says.

In a tweet on Dec. 17, the Puell Multiple creator argued that the stage is almost set for the end of the BTC price bear market.

1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin Market-Value-to-Realized-Value Temperature (MVRVT) chart. Source: Dilution-proof/ Twitter