Indicator Overview
Btc price predicition chart
This metric looks at the supply side of the Bitcoin economy - that is, miners and their revenues. It looks at market cycles from the perspective of mining revenues. Miners are sometimes called forced sellers because they must cover the fixed costs of mining equipment in a market with a highly volatile price. The revenues they generate can impact the price over time.
The Puell Multiple is calculated by dividing the daily value of bitcoins issued (in dollars) by the 365-day moving average of the daily value of issuance.
▎How to Use It
At certain points in time, the value of bitcoins being mined and entering the system is very large or small compared to historical norms. Understanding these periods can be useful for strategic investors in Bitcoin.
The chart above shows periods when the value of daily Bitcoins issued was very low (Boyle indicator inside the green box), which produced great returns for investors who bought Bitcoin here. It also shows periods when the value of daily issuance was very high (Boyle indicator inside the red box), which provided good opportunities for investors who sold here. #MicroStrategyAcquiresBTC #MarketPullback #btc $BTC
