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2024-12-20 13:57:20
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bitcoinmagazine.com on Nostr: bitcoinmagazine.com ✍️ The article analyzes on-chain data to provide insights ...



✍️ The article analyzes on-chain data to provide insights into the health of the Bitcoin market, suggesting that it is entering the latter stages of its bull market.
👉 Terminal Price has surpassed $185,000 and is likely to rise towards $200,000
👉 Puell Multiple has climbed above 1.00, signaling a return to profitability for miners
👉 MVRV Z-Score remains below the overheated red zone, indicating room for growth
👉 Active Address Sentiment suggests a healthy consolidation period after Bitcoin's rapid climb
👉 Spent Output Profit Ratio indicates potential profit-taking, potentially entering the latter stages of the cycle
👉 Value Days Destroyed is warm but not too hot, suggesting the market could sustain this range for months

#technology


Explore key Bitcoin metrics like the Puell Multiple and MVRV Z-Score to understand this cycle’s progress, anticipate price peaks, and prepare for Bitcoin’s potential path toward $200K.
https://bitcoinmagazine.com/markets/exploring-five-on-chain-indicators-to-understand-the-bitcoin-market-cycle

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