Bitcoin Bull Run Has Room To Run, Mayer Multiple Hints
The post Bitcoin Bull Run Has Room To Run, Mayer Multiple Hints appeared on BitcoinEthereumNews.com. Key points: Bitcoin’s classic Mayer Multiple metric is far from overheated despite price being inches from all-time highs. BTC price action could enjoy a “new upward impulse” as a result, says analysis from a popular CryptoQuant contributor. October 2025 is gaining favor as the point of the next bull market top. Bitcoin (BTC) is “undervalued” despite staying near all-time highs, according to new analysis of a classic BTC price metric. In an X post on Tuesday, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, revealed promising signals from Bitcoin’s Mayer Multiple. Bitcoin Mayer Multiple “significantly below overbought thresholds” Bitcoin may be circling $108,000 after 90% gains over the past year, but the Mayer Multiple is far from ready to call a BTC price top. The Multiple compares BTC/USD to its 200-day simple moving average, and the resulting value can be used as a strength gauge when compared to similar periods in previous market cycles. “Currently, the metric stands at 1.1х (price to 200-day moving average), which falls within the neutral zone (0.8–1.5х) and is significantly below overbought thresholds (1.5х),” Adler wrote. “Today’s Mayer Multiple indicates that Bitcoin is trading at a discount to its historical bull rallies and is rather undervalued than overvalued – a good fuel reserve for a new upward impulse.” Bitcoin Mayer Multiple chart. Source: Axel Adler Jr.X While the Multiple does not offer strict buy or sell signals, it forms one of a large number of onchain metrics which have yet to signal a bull market top. As Cointelegraph reported, a giant list of 30 “bull market peak” indicators from monitoring resource CoinGlass remains 100% in “hold” territory. Bitcoin Bull Market Peak list. Source: CoinGlass BTC price top in October, analysts say However, estimates of when the current uptrend may encounter its “blow-off top”…
The post Bitcoin Bull Run Has Room To Run, Mayer Multiple Hints appeared on BitcoinEthereumNews.com.
Key points: Bitcoin’s classic Mayer Multiple metric is far from overheated despite price being inches from all-time highs. BTC price action could enjoy a “new upward impulse” as a result, says analysis from a popular CryptoQuant contributor. October 2025 is gaining favor as the point of the next bull market top. Bitcoin (BTC) is “undervalued” despite staying near all-time highs, according to new analysis of a classic BTC price metric. In an X post on Tuesday, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, revealed promising signals from Bitcoin’s Mayer Multiple. Bitcoin Mayer Multiple “significantly below overbought thresholds” Bitcoin may be circling $108,000 after 90% gains over the past year, but the Mayer Multiple is far from ready to call a BTC price top. The Multiple compares BTC/USD to its 200-day simple moving average, and the resulting value can be used as a strength gauge when compared to similar periods in previous market cycles. “Currently, the metric stands at 1.1х (price to 200-day moving average), which falls within the neutral zone (0.8–1.5х) and is significantly below overbought thresholds (1.5х),” Adler wrote. “Today’s Mayer Multiple indicates that Bitcoin is trading at a discount to its historical bull rallies and is rather undervalued than overvalued – a good fuel reserve for a new upward impulse.” Bitcoin Mayer Multiple chart. Source: Axel Adler Jr.X While the Multiple does not offer strict buy or sell signals, it forms one of a large number of onchain metrics which have yet to signal a bull market top. As Cointelegraph reported, a giant list of 30 “bull market peak” indicators from monitoring resource CoinGlass remains 100% in “hold” territory. Bitcoin Bull Market Peak list. Source: CoinGlass BTC price top in October, analysts say However, estimates of when the current uptrend may encounter its “blow-off top”…
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