Bitcoin: Puell Multiple Enters Oversold Territory

Bitcoin has dipped into oversold territory on the Puell Multiple, repeating the exact pattern that marked cycle lows in 2015, 2018, 2020 and 2022 according to @CryptoMichNL. At the current price of $65360.79, BTC trades inside its Bollinger Bands with upper resistance at $66861.29 and lower support at $64764.82, while the 4-hour structure remains bullish above the EMA50 at $65070.32 and EMA200 at $63798.39. Momentum shows RSI(14) at 49.34 in neutral territory yet MACD(12,26) prints a bearish death cross at 42.34, creating a classic short-term volatility exhaustion setup where price tests upper-band resistance before a healthy retracement to the 50-EMA support zone becomes probable. This confluence reinforces the historical Puell Multiple signal for BTC price prediction models and suggests the next leg higher will follow once the death-cross momentum fades.