Bitcoin Mayer Multiple (Live Chart)
Price divided by its 200-day moving average. A simple, durable temperature gauge.
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Mayer Multiple on the left axis with BTC price overlaid on the right (log), so you can see what price did at each reading.
Drag across the chart to zoom into any span. Reset zoom to go back.
The Mayer Multiple is one of the oldest and simplest Bitcoin valuation tools. It divides the current price by the 200-day moving average. Because the 200-day average smooths out roughly seven months of price action, the ratio tells you how far the market has run ahead of or fallen behind its own recent trend.
Readings below 1 mean price is trading under its 200-day average, which has historically been a good long-term accumulation zone. Readings above about 2.4 have marked overheated conditions in past cycles. Like the other classic top signals, the overheated threshold has become harder to reach as Bitcoin's swings have compressed.
Its strength is that it is transparent and hard to game. Its weakness is that it says nothing about timing, only about stretch.
The charts are public. The read is the edge.
These indicators are free for everyone. Inside the community you get the daily desk note that ties them together, alerts when price enters a cycle window, and the Satoshi Clock running on your own charts.
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