Recent on-chain data shows that the Bitcoin price is currently at an important phase, raising suspicions as to whether the market is nearing a cyclical bottom. Mayer Multiple Falls To 0.6 — What This Means In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Ruga Research pointed out that the Bitcoin price now…
View More Bitcoin Is Trading 40% Beneath Its 200-Day MA — What’s Next?
Bitcoin has still not become overbought according to the Mayer Multiple. Here’s the level BTC would need to breech in order to enter this territory. Bitcoin Mayer Multiple Has A Value Of 1.37 Right Now In a new Mayer Multiple” here refers to an indicator that keeps track of the ratio between BTC’s spot price…
View More Bitcoin To $181,000? Mayer Multiple Reveals When BTC Will Become ‘Overbought’