Compass Investments

– Bitcoin (BTC) is once again facing rejection near the $65,000 mark, a key resistance to overcome. A positive sign for the bulls is that the classic Puell Multiple indicator for bitcoin has reached the green zone for the first time since the end of 2022.

Historically, after reaching the green zone, the price continues to rise, said CryptoQuant contributor Darkfast in his blog,

An analyst at Rekt Capital noted another historical pattern in favor of the bulls. According to him, bitcoin is coming out of the re-accumulation range between 154 and 161 days after halving. The analyst added that bitcoin’s last decline was 157 days ago on April 20, which is close to a breakout.

Farside Investors said that bitcoin-listed mutual fund buyers are coming back, as evidenced by four consecutive days of inflows. Bitfinex analysts said in a September 23 report that bitcoin could rally if traditional financial markets like the S