Bitcoin to $ 181,000? The multiple Mayer reveals when BTC will become “clarification”
Bitcoin is still not clarified according to Mayer. Here is the level that you will need BTC to the back to enter this area.
The number of people who reflect Bitcoin Mayer is now 1.37
In new mail On X, Glassnode discussed the analytical company about the latest direction in multiple Mayer for Bitcoin. “Mayer Moans Moans” here refers to an indicator that tracks the percentage between the instant price of BTC and its 200 -day moving medium (MA).
Glassnode also explains,
200dma is a widely recognized tool for Bull Macro Bull or Bear BIAS. Mayer measures multiple to what extent BTC falls from this long -term average.
When the Mayer value has a value greater than 1, this means that the price of the encrypted currency is circulating over the MA 200 days. On the other hand, the matter is under the mark means that the original is less than this historically important level.
Now, here is the graph that the Analysis Company is sharing, which shows the trend in Mayer Bitco Mayer over the past few years:
As shown in the above chart, Bitco Mayer has a value of 1.37 at the present time, which means that the original has a remarkable distance over a period of 200 days.
In the graph, Glassnode also highlighted three lines as BTC’s immediate price assumes that Mayer has a historically related value. The green level (bottom) corresponds to the index assuming the value of 0.8.
BTC is under this level that has generally indicated the conditions of sale. The line is currently about $ 60,000, which means that the original will have to decrease under this mark to reach the bottom area.
Red (higher) level is at $ 181,000 today. On this price sign, Mayer Cryptocurrency Mayer will reach 2.4. If this level exceeds, it means that the origin has become a superficial reasons. “Although BTC is higher than 200dma, it is very far from the excessive region of the peak,” the analysis company notes.
Bitcoin will have to break the level of $ 181,000 if it has to cross this level in the current cycle. It remains only to see, though, whether the original will violate the level in this course at all or if it could happen.
The last line in the graph, blue in the middle, is just a master of assets for 200 days. That is, the line that is equal to Mayer exactly 1. BTC decreased under this level for a period of time during the unification period last year.
BTC price
At the time of this report, Bitcoin is trading about $ 106,600, an increase of about 2 % in the past seven days.
