Glassnode: Bitcoin Mayer Multiple shows that the current price is close to the 200-day moving average, and may usher in drastic fluctuations

01/24 11:42

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On January 24th, according to Glassnode data, the Bitcoin Mayer Multiple indicates that the current price is close to the 200-day moving average, and historical data suggests that it may experience severe fluctuations. The data shows that the price range of Bitcoin in the past 60 days is very narrow, and historically, this type of tight price range often indicates that there will be significant fluctuations. It is reported that the Bitcoin Mayer Multiple is an oscillation indicator calculated by the ratio of Bitcoin price to its 200-day moving average (200DMA). Historical data shows that when the Mayer Multiple is greater than 2.4, it indicates overbought, and when it is less than 0.8, it indicates oversold.

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