DecenTrade
The bull case for Bitcoin
Just as mentioned yesterday, I wanted to present some bullish signals next to the bearish ones. What I'm looking at is the Puell Multiple, which indicated upward rallies in the past decently. We recently fell below 0.5, which is the "buy zone". This comes with a NVT Golden Cross value close to the upside threshold recently. Leverage on exchanges is high, which leads me to believe that we will see a shakeout in over leveraged shorts soon. All while the SSR is still tending downwards.