Price relative to the 200-day moving average
The Mayer Multiple is a ratio of the current Bitcoin price to the 200-day moving average. Created by Trace Mayer, it provides a simple way to evaluate whether Bitcoin is overvalued or undervalued relative to its long-term trend. A value of 1.0 means price equals the 200-day SMA.
When the Mayer Multiple drops below 0.8, Bitcoin is trading significantly below its 200-day average. Historically, these periods have been excellent long-term accumulation opportunities.
When the Mayer Multiple exceeds 2.4, Bitcoin is trading at more than 2.4x its 200-day average, indicating potential overextension. Historically, these levels have preceded corrections.
Thresholds: Below 0.8 = Buy Zone, Above 2.4 = Sell Zone. The median Mayer Multiple throughout Bitcoin's history is approximately 1.4.
Mayer Multiple below 1.0 signals value — start buying on Coinbase.
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Use Mayer Multiple to find entry points and buy on Gemini's secure platform.
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