Bitcoin’s Puell Multiple Signals Potential Rally Continuation

Bitcoin’s Puell Multiple indicator has crossed a key threshold after a 10-month wait, reaching an 11-month high. This development is strengthening expectations that the cryptocurrency’s rally may continue. According to CryptoQuant, the 7-day average of the Puell Multiple rose above 1.00 for the first time since November 2025. Analysts view this as a signal that the accumulation phase may be over and a reversal could be underway.

The latest reading for the Puell Multiple is 1.0771, with Bitcoin’s price currently around $84,736. Historically, periods when the indicator stayed below 1.00 have aligned with accumulation phases, often marking market bottoms. The move above this level suggests the market may be transitioning to a new phase.

The next significant level to watch is 2.00. If the Puell Multiple continues to climb, Bitcoin could extend its rally and test key resistance levels. Attention is now focused on whether the indicator’s strength will sustain and how Bitcoin will react to upcoming resistance.