How does the Mayer Multiple indicator work for Bitcoin?

1 answers

• DenemeBonusuAug 04, 2020 · 5 years ago
  The Mayer Multiple indicator, named after investor Trace Mayer, is a ratio that compares the current price of Bitcoin to its 200-day moving average. This indicator is used to identify potential overbought or oversold conditions in the Bitcoin market. When the Mayer Multiple is below 1, it suggests that Bitcoin may be undervalued and could present a buying opportunity. On the other hand, when the Mayer Multiple is above 2.4, it indicates that Bitcoin may be overvalued and could be a good time to sell. However, it's important to note that the Mayer Multiple is not a guaranteed predictor of future price movements and should be used in conjunction with other analysis tools and indicators.
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