Bitcoin News Today: Bitcoin's Mayer Multiple: A Full Fuel Tank for the Next Bull Surge

Bitcoin's Mayer Multiple, a key on-chain indicator measuring the ratio of its price to the 200-week moving average, currently stands at 1.16, significantly below the historical overbought threshold of 2.4 Bitcoin Price Prediction 2025: Mayer Multiple Signals BTC Could …^[1]. This reading suggests that Bitcoin remains in a "healthy growth phase," with substantial upside potential before signaling market exhaustion. Analysts estimate that Bitcoin would need to rise toward $180,000 to reach the 2.4 level, indicating a potential continuation of the bull run Bitcoin Has Room to Hit $180,000: Mayer Multiple Analysis^[2].

The current Mayer Multiple reading contrasts sharply with previous bull cycles, such as in 2017 and 2021, when the metric spiked above 2.4, reflecting speculative fervor and overbought conditions Bitcoin ‘Ice Cold’ at Record Highs, Indicator Signals Room to Run …^[3]. In contrast, this cycle has shown a more controlled and sustainable trajectory. For instance, in March 2024, the Mayer Multiple peaked at 1.84 when Bitcoin traded near $72,000, according to data from Glassnode BTC Price Eyes $180K as Mayer Multiple Stays Below Overbought …^[4]. This cooler reading implies a prolonged accumulation phase, with institutional investors potentially continuing to add to positions Per Mayer Multiple, Bitcoin Could Climb Toward $180,000 Before …^[5].

Crypto quant analysts, including Frank A. Fetter, have highlighted the "ice cold" nature of Bitcoin's current price action despite hitting record highs. Fetter noted that the metric's proximity to oversold levels (0.8) rather than overbought territory (2.4) supports a bullish outlook Bitcoin Mayer Multiple: BTC price can hit $180K before being ...^[6]. Similarly, Axel Adler Jr. described a Mayer Multiple near 1.1 as a "good fuel reserve for a new upward impulse," reinforcing the idea that Bitcoin's long-term uptrend remains intact Analyst: \^[7].

However, short-term volatility remains a factor. Analysts warn of potential corrections, with a 10% dip to $114,000 considered possible before another leg higher . October, traditionally a strong month for Bitcoin, is expected to see choppy price action, though the long-term trajectory remains positive . If Bitcoin fails to break out decisively by year-end, some fear the bull market could lose momentum .

The Mayer Multiple's historical reliability as a long-term valuation tool has been underscored by its consistent correlation with market extremes. While it does not predict exact timing for price tops, it provides context for accumulation versus distribution phases . For now, the data suggests Bitcoin's rally has more room to run, with the $180,000 target representing a critical psychological and technical milestone .