{"id":26193,"date":"2024-08-08T10:00:02","date_gmt":"2024-08-08T07:00:02","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26193"},"modified":"2024-08-08T09:21:13","modified_gmt":"2024-08-08T06:21:13","slug":"bitcoin-valuation-indicator-signals-major-undervaluation","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-valuation-indicator-signals-major-undervaluation\/","title":{"rendered":"Bitcoin Valuation Indicator Signals Major Undervaluation"},"content":{"rendered":"<p>Currently flashing red, a commonly used <strong>Bitcoin valuation indicator<\/strong> indicates that <strong>Bitcoin<\/strong> hasn&#8217;t been this underpriced since the demise of the bitcoin exchange FTX at the end of 2022.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-valuation-indicator-signals-major-undervaluation\/#Mayer_Multiple_Indices_Purchasing_Potential\" title=\"Mayer Multiple Indices Purchasing Potential\">Mayer Multiple Indices Purchasing Potential<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-valuation-indicator-signals-major-undervaluation\/#Experts_Warn_Against_Undervaluation\" title=\"Experts Warn Against Undervaluation\">Experts Warn Against Undervaluation<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Mayer_Multiple_Indices_Purchasing_Potential\"><\/span>Mayer Multiple Indices Purchasing Potential<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Referring to the<strong> Bitcoin Mayer Multiple<\/strong> graphic, crypto education portal On-Chain College said in an Aug. 7 X post, &#8220;<em>If you believe the Bitcoin price will be higher in 6-12 months, then this is objectively a fantastic time to buy.<\/em>&#8221;<\/p>\n<p>The indicator uses the resultant ratio as a buy or sell signal by comparing the current price of <strong>Bitcoin<\/strong> to its 200-day moving average. Trace Mayer, its author, has regarded a reading below 2.4 &#8220;buy&#8221; range.<\/p>\n<p>Glassnode claims that when <strong>Bitcoin<\/strong> dropped to $49,751 on Aug. 5, the Mayer Multiple was 0.88. Based on Bitcoin analytics company BitBo data, the indicator has climbed, albeit only slightly, to 0.93 after the recent rally of Bitcoin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Experts_Warn_Against_Undervaluation\"><\/span>Experts Warn Against Undervaluation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Given the <strong>Mayer Multiple<\/strong> has historically been &#8220;higher 70%,&#8221; analysts believe this indicates the asset is still cheap.<\/p>\n<p>Other crypto specialists advise <strong>Bitcoin<\/strong> buyers to wait for now in case there are further near-term declines, notwithstanding the statistic.<\/p>\n<p>&#8220;<em>To ideally time the next bull market entry, we aim for Bitcoin prices to fall into the low 40,000s<\/em>&#8221; said head of research <strong>Markus Thielen<\/strong> of 10x Research on Aug. 6.<\/p>\n<p>Popular cryptocurrency trading account &#8220;wallstreetbets,&#8221; meanwhile, highlighted the recent decline in Bitcoin&#8217;s price, restating in an Aug. 6 post that &#8220;everyone gets Bitcoin at the price they deserve.&#8221;<\/p>\n<p>&#8220;<em>We might see a retest of the long-term trendline support before higher, should the $60,000 support be lost on a closing basis<\/em>,&#8221; pseudonymous crypto trader Mags said.<\/p>\n<p><i><span style=\"font-weight: 400;\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400;\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400;\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400;\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.io\/news\/\"><i><span style=\"font-weight: 400;\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Currently flashing red, a commonly used Bitcoin valuation indicator indicates that Bitcoin hasn&#8217;t been this underpriced since the demise of the bitcoin exchange FTX at the end of 2022. Mayer Multiple Indices Purchasing Potential Referring to the Bitcoin Mayer Multiple graphic, crypto education portal On-Chain College said in an Aug. 7 X post, &#8220;If you<\/p>\n","protected":false},"author":6,"featured_media":23708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[61,7739],"class_list":["post-26193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-bitcoin","tag-bitcoin-valuation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Valuation Indicator Signals Major Undervaluation - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-valuation-indicator-signals-major-undervaluation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Valuation Indicator Signals Major Undervaluation - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Currently flashing red, a commonly used Bitcoin valuation indicator indicates that Bitcoin hasn&#8217;t been this underpriced since the demise of the bitcoin exchange FTX at the end of 2022. 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