Bitcoin’s Mayer Multiple Indicates Undervalued Status Near All-Time Highs
- Bitcoin (BTC) is currently priced around $108,000 after a gain of nearly 90% over the past year.
- The Mayer Multiple stands at 1.1x, indicating BTC is in the neutral zone and below overbought thresholds of 1.5x.
- Analysts suggest that October 2025 could be the peak for the next bull market cycle.
- A total of thirty indicators from CoinGlass remain in “hold” territory, signaling no current bull market top.
- Profit-taking has begun among traders, with some anticipating a cycle top around October.
Despite Bitcoin nearing all-time highs, the Mayer Multiple suggests it remains undervalued compared to historical trends, which may support further price increases. Analysts are closely monitoring potential peaks in late October as profit-taking activities increase among traders.
With the Mayer Multiple indicating a value of only 1.1x, Bitcoin is trading at a discount to historical bull rallies and may have room for upward movement before reaching its peak in October.(Source)
