Bitcoin Mayer Multiple Approaches Historical Lower Bound
- The Bitcoin Mayer Multiple has decreased to a value of 0.8, nearing its historical lower boundary.
- This decline indicates Bitcoin’s spot price has fallen below its critical 200-day moving average.
- Bitcoin’s current trading price is approximately $87,200, reflecting a decrease of about 13% over the past week.
- The Active Realized Price level for Bitcoin is at $88,600, while the True Market Mean stands at $82,000.
The Mayer Multiple’s approach to its lower bound suggests potential market consolidation as Bitcoin trades below significant technical and on-chain levels. This situation mirrors previous phases where demand began to increase after similar compressions in value.
With Bitcoin trading under key cost basis models like the Active Realized Price and nearing the True Market Mean, analysts are observing closely for signs of a deeper bear trend or possible rebound opportunities. Source
