Mayer Multiple
BTCBitcoin price relative to its 200-day moving average, a simple and durable distance-from-trend oscillator.
What it is
The Mayer Multiple divides price by its 200-day simple moving average. It is a plain read on how far price has stretched above or below its roughly one-year trend, and it works at both tops and bottoms.
How it's computed
Divide the current price by the 200-day simple moving average of price.
How to read it
High readings, historically 2 to 8 and above, mark tops; low readings of 0.2 to 0.7 mark bottoms. It is log-normalized, since it ranges from about 0.2 to 13 and is always positive.
At prior cycle extremes
The Mayer Multiple has reached large multiples at tops, each cycle's peak lower than the last (roughly 13, then 8, then 3.8, then 2.0), and fallen well below 1 at bottoms.
Related
Analytics, not advice. These metrics describe where market data sits in the cycle; they are not trading signals, price targets, or financial advice.