Bitcoin a 'nice buy' at $47K despite macro dangers as key trendline nears — Research

Bitcoin (BTC) is attempting to reclaim a key long-term moving average, but the time to buy is before, not after, one metric hints. In a series of tweets on March 29, on-chain monitoring resource Ecoinometrics eyed a classic entry for BTC/USD as flagged by the Mayer Multiple. Mayer Multiple nears pivot Bitcoin price strength has […]
Bitcoin Mayer Multiple returns to July 2021 levels in fresh sign $37K BTC is a long-term buy

Bitcoin (BTC) has dipped enough for one of its best-known indicators to signal a rare long-term investment opportunity is here. As of Feb. 22, the Mayer Multiple is sitting at its lowest level since Bitcoin bounced at $29,000 in July last year. Mayer Multiple down 50% in 3 months The latest in a series of […]