Bitcoin’s Mayer Multiple hits 2022 levels: Where is BTC price bottom?
The Bitcoin Mayer Multiple reached 0.65, echoing the deep bear market conditions of 2022 and sparking debate on whether BTC’s real bottom lies at $50,000 or lower.
Bitcoin (BTC) has entered the “darkest days” of its bear market correction, based on a classic BTC price indicator hitting near four-year lows.
Key takeaways:
Bitcoin Mayer Multiple fell to 0.65, matching deep bear market lows in May 2022.