Bitcoin Mayer Multiple: BTC price can hit $180K before being ‘overbought’

Bitcoin remained closer to “oversold” during its latest all-time highs, according to the Mayer Multiple, which suggested a potential price target of $180,000.

Key points:

Bitcoin’s Mayer Multiple suggests that BTC is closer to “oversold” than “overbought” — even at all-time highs.

The gauge has barely moved in recent months as BTC price struggles to seal a decisive breakout.

Read more