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Bitcoin Supply-side Price Indicators at Critical Levels for Bullish Continuation

Supply-Side metrics or indicators include hash-rate, difficulty ribbon, Bitcoin addresses, etc. While demand side would include Market Value/Realized Value (MVRV), NVT Ratio, and so on.


Expert on-chain analyst and market analyst, David Puell, had designed a new Bitcoin indicator, the Puell Multiple. It accounts for the supply side metrics of Bitcoin. Glassnode research which recently listed the metrics, tweeted,


The Puell Multiple is the ratio of coin issuance (in USD) and its yearly MA and can be used to identify times when the value of mined bitcoin is historically too high/low


While halving on the horizon, the supply-side could have a strong effect on the price. Hence, fractals or levels from the past could be helpful in determining the current state. Read More...

Bitcoin Supply-side Price Indicators at Critical Levels for Bullish Continuation
Price Indicators at Critical Levels

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