Bitcoin’s 10-Month Wait Is Over: A Critical Signal for the Rally to Continue!

Bitcoin’s Puell Multiple indicator crossed a critical threshold after about 10 months, reaching an 11-month high—a signal seen as strengthening expectations that the rally could continue.

According to an analysis shared on CryptoQuant, the 7-day average of the Puell Multiple rose above 1.00 after remaining below that level for about 10 months, since November 2025. The analysis interpreted the indicator’s move above this threshold as an exit from the accumulation zone and the beginning of a possible reversal.

The indicator’s latest reading on the chart is 1.0771. The same chart shows the price of Bitcoin at about $84,736.

Why is this threshold important for Bitcoin?

The analysis emphasized that periods when the Puell Multiple has stayed below 1.00 have coincided with Bitcoin accumulation phases linked to market bottoms. This area is described as the “discount zone,” while the indicator’s move back above the threshold points to the possibility that the market is entering a different phase.

That is why the breakout after a roughly 10-month period represents more than just the indicator reaching an 11-month high: It is seen as a sign that the long-running accumulation phase may be behind the market.

The next level is 2.00

The first target being watched for the Puell Multiple is the 2.00 level. The analysis noted that a move in that direction could give Bitcoin room to extend its rally and attempt to break through key resistance levels.

Attention has therefore shifted to whether the indicator’s strength will continue following the threshold breakout and how Bitcoin will respond to resistance levels.