Bitcoin is at a pivotal point where it could either see a significant rally or face a pullback. Experts from CryptoQuant emphasize the importance of the Puell Multiple, an indicator measuring the state of the network's miner revenues, as crucial in predicting the cryptocurrency's next move.
This article provides insights and analysis around these possibilities, discussing factors that could influence Bitcoin's trajectory. The Puell Multiple is seen as an essential tool for gauging market cycles and miner behavior.