Farcaster

Back in October 2024 I was very confident in a new #BTC ATH but not now.

According to the #BTC Puell Multiple indicator we had one last leg up on Price and as you can see we got it - #BTC went from $60k to $110k 📈

But the problem is we didn’t get a Higher High on the indicator 🤔

So now we have a Higher High on Price and a Lower High on Puell Multiple - that’s a BEARISH Divergence❗️

We had this Bearish Divergence only 2 times - Cycle Top in 2013 & Cycle Top in 2021 

This is something to think about if you’re a #BTC bull