Examining Bitcoin’s $100K price predictions – Do they still hold up?

📆 5/5/2024 12:20 AM
📰 CryptoAmb

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For the first time since December 2022, Bitcoin's [BTC] Puell Multiple has dropped to 0.56. AMBCrypto discovered this after checking...

Bitcoin’s Delta Cap surged, suggesting that the price might not hit $100,000 this cyclePuell Multiple measures the ratio between the daily coin issuance and the yearly average. With this metric, market participants can identifyand tops. When the reading is greater than 6, it means miners are earning more than the average of the previous year. In terms of the price, this could be a sign that Bitcoin is close to its top.On the other hand, if the Puell Multiple is less than 0.

Delta Cap is the difference between the Realized Cap and the life-to-date moving average of the Market Cap. With this metric, participants can spot major market bottoms and tops.

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