2019-2-17 13:00 |
Identifying speculative bubbles or bearish exhaustion may be possible through the use of a fairly new metric known as the Mayer Multiple.
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Be[In]Crypto takes a look at the Mayer Multiple (MM) and its components in order to determine if the long-term bias for Bitcoin (BTC) is bullish or bearish. The post Bitcoin (BTC) on-Chain Analysis – Mayer Multiple Consolidates in Oversold Region appeared first on BeInCrypto.
An increasingly rare bull signal for investors comes after both the Mayer Multiple and Bitcoin price shed 50% versus November 2021.
Following a largely bullish week for the majority of crypto assets, the bears have come out to play at the weekend. A slide back into four figures for Bitcoin has dragged most of the altcoins back down with it as $10 billion leaves cryptocurrency markets.
Bitcoin passing $10,000 is just the beginning of the bull run and the real parabolic phase will begin after $20,000, new research claims this week. Bitcoin Currently in ‘Stealth Phase’ According to the market analyst known on social media as CL, bitcoin returning to the significant $10,000 barrier is exciting for longstanding market participants, but not for the public.