Bitcoin Mayer Multiple: BTC price can hit $180K before being ‘overbought’
Bitcoin remained closer to “oversold” during its latest all-time highs, according to the Mayer Multiple, which suggested a potential price target of $180,000.
Key points:
Bitcoin’s Mayer Multiple suggests that BTC is closer to “oversold” than “overbought,” even at all-time highs.
The gauge has barely moved in recent months as BTC price struggled to seal a decisive breakout.
