Bitcoin Mayer Multiple today ← is the bottom in?

The Mayer Multiple is Bitcoin's price divided by its 200-day simple moving average, popularised by Trace Mayer. It measures how stretched price is from its long-term trend in either direction.

Now
1.16
signal off · fires when < 0.8
This cycle
FIRED 87 days
Nov 20, 2025 – Jul 1 · since the Oct 6, 2025 ATH
Bear market bottom
LIKELY IN
6 of 10 signals fired this cycle · full verdict →

How it's computed

Daily close divided by the mean of the last 200 daily closes. Readings under 0.8 mean price sits more than 20% below trend; above 2.4 it is more than 140% above.

Reading it

Every bear-market low since 2014 printed a Mayer Multiple under 0.8, usually for weeks. The bottom signal on this site fires while the multiple is below 0.8.

At past bottoms

Jan 2015 no data
Dec 2018 FIRED
Mar 2020 FIRED
Nov 2022 FIRED
Jun 2026 FIRED

Within 30 days of each cycle's lowest daily close.

The low is likely in. What matters now is knowing the moment anything changes. Pro DMs you on Telegram when any signal or the phase flips, on thresholds you set, plus the full signal history as CSV and an API key. Founding price $7/mo · 30-day free trial · cancel anytime
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Questions

What Mayer Multiple marks a Bitcoin bottom?

Historically the cycle lows came with the multiple between 0.5 and 0.8. Below 0.8 has been the accumulation zone; it has never stayed there for more than a few months.

Is the Mayer Multiple useful for tops?

Yes: readings above 2.4 have coincided with blow-off tops, though in later cycles the peaks were lower (around 2.0 in 2021).

Other bottom indicators

200-week MA · Hash Ribbons · Puell Multiple · Drawdown from ATH · Fear & Greed · MVRV Z-Score · Realized price · Pi Cycle Bottom · 2-Year MA Multiplier · Production cost floor