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Analysis: The Bitcoin Puell multiple is currently at 0.67. Historically, falling below 0.5 has been a bottom signal.

BlockBeats news, on November 27, according to analyst @alicharts, the Puell Multiple has marked the bottom of the Bitcoin cycle since 2015. When it falls below 0.50, the price of Bitcoin hits the bottom. It is currently at 0.67. Note: The Puell Multiple was created by Glassnode and is calculated by dividing the daily miner revenue of Bitcoin by its 365-day moving average.

BTC4.49%
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