Bitcoin Mayer Multiple shows $108K BTC price undervalued: Analysis
Bitcoin is less overheated than during previous local bull market tops, but consensus is forming around an October blow-off top for BTC price action.
Key points:
Bitcoin’s classic Mayer Multiple metric is far from overheated despite price being inches from all-time highs.
BTC price action could enjoy a “new upward impulse” as a result, says analysis from a popular CryptoQuant contributor.