Bitcoin (BTC) Mayer Multiple Indicator

The Mayer Multiple was created by Trace Mayer as a way to analyze the price of Bitcoin. When using Mayer Multiple, the two specific values to pay keen attention to are 1 and 2.4. The significance of a 1 multiple is simple: any value above 1 means bitcoin's price has risen above the 200-day MA and any value below 1 means price has fallen beneath it. Any multiple above the 2.4 threshold has historically shown to signify the beginning of a speculative bubble, when it becomes equal to or greater than 2.4 it will retrace to under 1.5. Mayer deduced that the best long-term results were gathered by accumulating bitcoin when the Mayer Multiple was below 2.4.

Mayer Multiple indicator = Price(USD) / MA200