Bitcoin Mayer Multiple hits lows that last accompanied $30K BTC price
The Bitcoin price is increasingly low compared to its 200-day moving average — a key “buy the dip” signal, per the classic BTC price indicator.
Bitcoin (BTC) has delivered a “healthy reset” to bullish sentiment thanks to a key BTC price indicator hitting eight-month lows.
In a post on X (formerly Twitter) on June 27, popular analyst On-Chain College said that classic patterns were repeating on the Bitcoin Mayer Multiple.
Bitcoin is still at $60,000, but a strikingly bearish mood has accompanied its latest 17% dip.
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Author: William Suberg
