TechFlow news, on November 19, according to Cointelegraph, a report from data analytics platform CryptoQuant showed that Bitcoin's Puell Multiple is approaching its 365-day moving average. Over the past five years, this indicator has only broken out three times: in March 2019 (up 83%), January 2020 (up 113%), and January 2024 (up 76%). Technically, Bitcoin's monthly RSI has reached 74.4, indicating characteristics of the early stage of a bull market cycle. Analysts expect the market has entered a parabolic growth phase lasting approximately 300 days, with the main FOMO rally likely emerging at the beginning of 2025.
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