Bitcoin Puell Multiple Suggests Phase 4 May Be Pending Amid Ongoing Market Cycle

Key Points

1. Bitcoin’s Puell Multiple shows no signs of a cycle top yet, with Phase 4 still forthcoming, indicating the cycle remains intact and bullish momentum is building.

2. The Puell Multiple remains a reliable tool for assessing Bitcoin’s market cycle phases, and its current readings reinforce the bullish outlook for further price appreciation.

3. Bitcoin has demonstrated modest but consistent gains, with a 1.24% increase over the past 24 hours and a 1.12% rise over the last week, with trading volume remaining robust at $39.7 billion.

4. CryptoCon’s analysis suggests Bitcoin has not yet reached its cycle peak, with Phase 4 pending, supporting the expectation of a sustained bullish trajectory in the near term.

5. The delay between Bitcoin cycle phases is unprecedented, highlighting market strength and reinforcing the notion that the current cycle is still in progress.