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Bitcoinmagazine
6d
20
Exploring Six On-Chain Indicators to Understand the Bitcoin Market Cycle
- The Terminal Price metric suggests that Bitcoin may rise toward $200,000 as the cycle progresses.
- The Puell Multiple has climbed above 1, signaling the later stages of a bull cycle.
- Bitcoin's MVRV Z-Score suggests that the market is far from reaching a euphoric top.
- Recent data shows a healthy consolidation period after Bitcoin's rapid climb from $50,000 to $100,000.
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