First In History: Bitcoin Mayer Multiple Records Lower Value Than Last Cycle’...
The Bitcoin Mayer Multiple has recently sunk to a lower value than the bottom of the previous cycle. This is the first time in the history of the metric that such a trend has formed. Current Bitcoin Cycle’s Mayer Multiple Low Is Deeper Than Last Cycle’s As per data released from the analytics firm Glassnode, the current value of the BTC Mayer Multiple is around 0.478. Before seeing what the Bitcoin Mayer Multiple does, it’s best to look at a basic explanation of a “moving average” first. A moving average (or MA in short) is an analytical tool that averages out....
Related News
An increasingly rare bull signal for investors comes after both the Mayer Multiple and Bitcoin price shed 50% versus November 2021. Bitcoin (BTC) has dipped enough for one of its best-known indicators to signal a rare long-term investment opportunity is here.As of Feb. 22, the Mayer Multiple is sitting at its lowest level since Bitcoin bounced at $29,000 in July last year.Mayer Multiple down 50% in 3 monthsThe latest in a series of metrics to echo the pit of the 2021 retracement on BTC/USD, the Mayer Multiple currently measures 0.76, having halved since November's $69,000 all-time high.The....
Data shows the price of Bitcoin has broken above the 0.55 Mayer Multiple level, below which the crypto has historically formed bottoms. Bitcoin Has Now Left The Zone Below 0.55 Mayer Multiple As per the latest weekly report from Glassnode, the BTC price has escaped above the Mayer Multiple bottom zone. The “Mayer Multiple” is an indicator that measures the ratio between the current Bitcoin price and the 200-day moving average of the same. A “moving average” (or MA in brief) is an analytical tool that takes the average of any quantity over a specified period, and as....
I had the opportunity to sit down at Premier Studios with Trace Mayer as he got ready to attend this year's Money 20/20 conference. Join us as Trace Mayer discusses the CEO panel of Bitcoin companies for Money 20/20, Bitcoin security, Bitcoin for beginners, investments in Bitcoin and much more! This is one interview you will not want to miss! For more info: Trace Mayer; www.bitcoin.kn; www.freebitcoinguide.com. Read More: bitcoin mayer trace
Data from Bitcoin's Mayer Multiple suggests low risk/return conditions at current levels, but macro conditions still trouble long-term optimism. Bitcoin (BTC) is attempting to reclaim a key long-term moving average, but the time to buy is before, not after, one metric hints.In a series of tweets on March 29, on-chain monitoring resource Ecoinometrics eyed a classic entry for BTC/USD as flagged by the Mayer Multiple.Mayer Multiple nears pivotBitcoin price strength has endured as the week gets underway, the largest cryptocurrency putting in its highest levels of 2022 overnight.Some key....
Bitcoin’s price history has followed Gartner Inc.’s “Hype Cycle” model, a branded geographical presentation of a 5-step process by the well-respected computer research firm, noted Zafar Khan, CEO of RPost, a provider of electronic communications, in a recent blog. This gives some legitimacy to the idea that bitcoin and blockchain are maturing and it might be a good time to consider investing in the technologies. The blog also goes into what Khan thinks is really new about blockchain — namely that it is an open source technology — something that is useful in some situations but not others.....