25/03/2025
Back in October 2024 I was very confident in a new ATH but not now.
According to the Puell Multiple indicator we had one last leg up on Price and as you can see we got it - 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 bull