G a a h2022-01-12

What is the best time to buy Bitcoin during bullish cycle? Now! [part.2]

Historically the LOWER range (0.50) of the Green region (1.50-0.50) is only reached at Puell Multiple during bear market. We are very close to that range and accumulating, even as the price rebounds and reaches new all-time high ($69,000). This Green range during Bitcoin bullish market served very well as a point to determine mid-cycle correction bottoms. This time is no different, however the correction is deeper. The China ban and the impacts on the network in 2021 is the main factor in taking Puell Multiple to the lower Green range, as a minimum this low has not been seen historically in this same period. The Red region (6.00-7.00) has historically signaled all post-Halving end-of-cycle tops, this is because the dynamics between great euphoria involving the network gears + speculation and extreme optimistic sentiment, leads to the behavioral combination for end-of-cycle post-Halving. The bullish cycle is still going on and offers a great opportunity!