Since November 2025, the Puell Multiple MA7d has been in Discount zone🟢 and has remained below 1.00 for about 10 months👀

Historically, whenever this indicator has traded below 1.00 (discount zone), it has signaled periods of Bitcoin accumulation associated with market bottoms.

As the Puell Multiple breaks above 1.00 — exiting the accumulation zone — a reversal is expected to be underway, with an initial target of 2.00🟨 — BTC price has room to continue rising in an attempt to break through key resistance levels.

Written by G a a h