Novanta's 15min chart shows Bollinger Bands expanding downward, bearish marubozu.

According to Novanta's 15-minute chart, the Bollinger Bands are expanding downward, indicating a bearish trend, and the recent Bearish Marubozu candlestick pattern at 08/29/2025 10:45 suggests that the market is currently being driven by sellers. This bearish momentum is likely to continue.

Bitcoin's Mayer Multiple, currently near neutral, suggests a fairly valued market, while the Short-Term Holder (STH) MVRV Bollinger Band touching the lower band near $109,000 indicates short-term oversold conditions and potential upside [1]. Traders should monitor these indicators for confirmation of a sustained rally.

The Bitcoin Mayer Multiple, which measures price relative to the 200-day moving average, is currently trading near its historical mean. This indicates that Bitcoin is reasonably valued and not in extreme overbought territory, suggesting room for continued upside before long-term overvaluation signals emerge [1]. Historically, readings above +1.5 have signaled overvaluation and corrective phases, while dips below -1.0 have marked stronger buying opportunities. Present readings sit comfortably in the neutral range.

The 200-day moving average has climbed from $9,000 in 2020 to nearly $101,000 now, reflecting sustained adoption and institutional flows. This long-term trend underpins why present Mayer Multiple readings are important for gauging relative valuation [1].

The STH MVRV Bollinger Bands highlight unrealized profit/loss among recent holders. Bitcoin touching the lower band near $109,000 is a historically meaningful oversold signal that has preceded large rallies in prior cycles. This makes the recent setup noteworthy for short-term reversal potential [1]. In April, a similar lower-band touch at $74,000 preceded a ~51% rally, demonstrating the potential for significant market recovery when short-term holders face unrealized losses and selling pressure eases.

Combining Mayer Multiple and STH MVRV band readings for confirmation is crucial. Traders should look for Mayer Multiple stability near the mean while MVRV shows oversold reversion. Layered risk controls, such as scaling positions and stop levels tied to volatility, are recommended due to the potential for both sharp reversals and corrective pullbacks [1].

In conclusion, Bitcoin's Mayer Multiple and STH MVRV Bollinger Band together offer a data-driven view: current readings point to a reasonably priced market with short-term oversold signals that have historically led to rebounds. Traders should monitor both indicators, apply disciplined risk management, and watch for confirming volume and on-chain flows before committing capital.

References:
[1] https://en.coinotag.com/bitcoin-mayer-multiple-mvrv-bollinger-bands-suggest-potential-upside-with-balanced-risks/