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 post on X, the analytics firm Glassnode has discussed about the latest trend in the Mayer Multiple for Bitcoin. The “Mayer Multiple” here refers to an indicator that keeps track of the ratio between BTC’s spot price and its 200-day moving average (MA). As Glassnode explains, The 200DMA is a widely recognized tool for gauging macro bull or bear bias. The Mayer Multiple measures how far BTC is from this long-term average. When the Mayer Multiple has a value greater than 1, it means the price of the cryptocurrency is trading above its 200-day MA. On the other hand, it being under the mark implies the asset is below this historically important level. Related Reading: Bitcoin Shark Wallets Set New Record: Bullish Foreshadowing For 2025? Now, here is the chart shared by the analytics firm, that shows the trend in ..
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