What The Puell Multiple, The MVRV Z-Score and Realized Cap HODL Waves Indicate for Bitcoin's Peakby@MarkHelfman
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What The Puell Multiple, The MVRV Z-Score and Realized Cap HODL Waves Indicate for Bitcoin's Peak

May 18th 2021
3 min
by @MarkHelfman 1,396 reads
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Bitcoin's price is down almost 30% from its all-time high of $65,000. Bitcoin peaked in April 2013, but experts say it's not the peak of the market cycle. Three metrics — Puell Multiple, MVRV Z-score, and Realized Cap HODL Waves — can help you decide whether an upswing marks the peak or just the ebbs and flows of a very volatile asset. Each time bitcoin’s price dropped at least 67% in the month afterward and as much as 90% to the eventual bottom.

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