The Mayer Multiple chart visualizes the relationship between Bitcoin’s current price and its 200-day moving average (MA). It includes three main data series:

1. Mayer Multiple: This line represents the ratio of Bitcoin’s price to its 200-day moving average. A Mayer Multiple above 2.4 indicates that Bitcoin is significantly overvalued, suggesting a potential correction. Conversely, a value below 0.8 suggests undervaluation, indicating a buying opportunity.
2. Bitcoin Price: The white line displays the actual price of Bitcoin over time. Observing how this line interacts with the Mayer Multiple can help you gauge market sentiment.
3. 200-Day Moving Average: Shown in yellow, this line smooths out price fluctuations over a longer period, providing a clearer picture of Bitcoin’s price trend.

How to Interpret the Graph:

• High Mayer Multiple (> 2.4): Consider potential market corrections or selling opportunities.
• Low Mayer Multiple (< 0.8): Indicates potential buying opportunities, as Bitcoin may be undervalued.
• Price and Moving Average Trends: Compare the price line with the moving average. A price consistently above the moving average may indicate bullish sentiment, while a price below could indicate bearish sentiment.

Use this chart as a tool to make informed decisions regarding your Bitcoin investments based on historical performance and current market trends.