A single on-chain indicator has quietly called every major Bitcoin cycle bottom for the past decade, and it is now approaching that important level once again. The setup comes from a monthly Bitcoin chart paired with the NUPL indicator, which tracks whether the average holder is sitting on unrealized profit or loss. In each of the last three major bear market lows, the indicator fell into the same area and touched a rising trendline. Nailing The Bitcoin Bottom Bitcoin’s latest break above $70,000 and into the mid-$70,000s has seen a bullish mood slowly returning