Bitcoin Mayer Multiple at favorable levels by jondoe

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· @jondoe ·
$2.59
Bitcoin Mayer Multiple at favorable levels
# The Bitcoin Mayer Multiple is showing a lack of bubble conditions

The higher the number, the more bubbly things are.

Right now, bitcoin is showing a 1.02 on the chart:

https://i.postimg.cc/9Qpnt0mX/EIszz-SYUw-AA-5-Cr.jpg

(Source: https://twitter.com/ChartsBtc/status/1192103485971423233)

That is some of the lowest it has been in the last 6 months.

Plus we are sitting on a major moving average.

Things are setup right now for bitcoin to go on a nice rally.

Coinciding with the halving coming up in 6 months as well.
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