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Glassnode: Bitcoin’s Mayer multiple shows that the current price is close to the 200-day moving average and may usher in violent fluctuations
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7 hours ago 186
According to news on January 24, according to GlassNode data, the Bitcoin Mayr Multiple shows the current price is close to 200 -day moving average, and historical data shows or ushered in severe fluctuations. Data show that the current 60 -day price range of Bitcoin is very narrow. In history, this close price range often indicates that violent fluctuations are about to occur. (200DMA) The fluctuation indicator calculated. Historical data shows that when Meyer's multiple is greater than 2.4, it is super purchased and less than 0.8.
Keywords: Bitcoin
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