Puell Multiple is giving us the green light for some bullish action!

Puell-Multiple-is-giving-us-the-green-light-for-some-bullish-action

Here's the translation in a relaxed style:

So, here's the deal with the Puell Multiple indicator. Right now, the ratio on the Puell Multiple is sitting at 0.8, which basically means Bitcoin is still in the "safe to buy" zone at the current price range. But hey, remember this: back in 2012, 2016, and 2019, whenever the ratio hit around the same numbers, the price always took a breather before jumping back into bullish territory.

Keep an eye out, though. When the ratio gets close to that red zone or hits around 6, it usually means the price is nearing its peak.