Bitcoin: This Key Metric Just Crossed 0 - Will BTC Tag $27,000?
Is Bitcoin (BTC) poised for another surge to $27,000? Recent on-chain data suggests a possible bullish trend, but caution is advised. A few hours back, Bitcoin's NUPL metric had crossed 0. Previously it stood at -0.001, but at press time, it reflected a value of... This movement is drawing attention from crypto analysts and investors alike. Has Bitcoin broken back above the $27,000 level during the past day, but if on-chain data is to go by, this surge may not last for long.
BTC prices are consolidating around $27,000. This price action follows a remarkable turn of events, Bitcoin (BTC) made a bullish leap, breaking through the $27,000 barrier as it approached the Wall Street opening on September 27. But can it hold? Understanding key on-chain metrics is crucial for predicting Bitcoin's future trajectory.
Decoding the NUPL Metric
What does the NUPL crossing 0 signify? This metric, a measure of network profitability, can provide insights into investor sentiment. According to data from the on-chain analytics firm..., periods where NUPL crosses above 0 have historically preceded bullish runs. However, it's not a foolproof indicator. Further analysis is required.
The Puell Multiple and Potential Upside
Another on-chain indicator to watch is the Puell Multiple. Bitcoin bulls will benefit from an average BTC price surge of 90% if the Puell Multiple stages a rare breakout. Analyzing behavior over the past five years, CryptoQuant... has identified a potential golden cross. In one of its Quicktake blog posts on Nov. 18, onchain analytics platform CryptoQuant flagged a rare golden cross for Bitcoin’s (BTC) Puell Multiple. Bitcoin bulls will... This suggests that miners, a vital component of the Bitcoin ecosystem, are seeing increasing profitability.
Accumulation Trends and Market Participants
A value closer to 0 indicates participants are distributing their holdings. Thus, when the accumulation trend score flashes 0, it suggests no buyers from any cohort and...This metric provides a more nuanced view of who is buying and selling Bitcoin. Understanding the accumulation patterns of different cohorts can offer clues about future price movements.
Challenges Ahead: Difficulty and Support Levels
Despite the positive on-chain signals, Bitcoin faces challenges. La dificultad de Bitcoin (BTC) alcanzó un máximo histórico de 114,7 billones (T) luego de un ajuste al alza del 5,6% durante el fin de semana, según Guerra de monedas. 8 de sept. de 2025 This increasing difficulty can put pressure on miners. Additionally, BTC price dropped below $27,000 on Thursday, a support level that had not been breached since mid-March. At the same time, the price of the largest cryptocurrency by...
While An on-chain metric is flashing bull market signals despite Bitcoin prices being in retreat at the moment. The RHODL on-chain... gives some hope, ultimately, whether Bitcoin can sustain its momentum and tag $27,000 again remains to be seen. Vigilance and careful analysis of both on-chain and technical indicators are essential for navigating the volatile crypto market.