Glassnode: Bitcoin Mayer Multiple indicator is at 1.47, close to the 1.5 level which often forms a level of resistance in prior cycles
Glassnode: the present value of the Mayer Multiple indicator is at 1.47, close to the ~1.5 level which often forms a level of resistance in prior cycles, including the Nov 2021 ATH. Perhaps as an indicator for the severity of the 2021-22 bear market, it has been 33.5-months since this level was breached, the longest period since the 2013-16 bear.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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