Bitcoin's Mayer Multiple hits 2022 levels: Where is BTC price bottom?

The Bitcoin Mayer Multiple reached 0.65, echoing the deep bear market conditions of 2022 and sparking debate on whether BTC's real bottom lies at $50,000 or lower.

Bitcoin (BTC) has entered the “darkest days” of its bear market correction, based on a classic BTC price indicator hitting near four-year lows.

Key takeaways:

Bitcoin Mayer Multiple fell to 0.65, matching deep bear market lows in May 2022.

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