BTC Rally Could Extend to $180K Before Cooling Off

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Bitcoin remained closer to “oversold” during its latest all-time highs, according to the Mayer Multiple, which suggested a potential price target of $180,000.

Bitcoin’s Mayer Multiple suggests that BTC is closer to “oversold” than “overbought,” even at all-time highs.

The gauge has barely moved in recent months as BTC price struggled to seal a decisive breakout.

Expectations no longer favor a blow-off top this month.

Bitcoin is “ice cold” at all-time highs, says a classic BTC price metric that shows room to run to $180,000.

The latest readings from the Mayer Multiple revealed that even at $120,000, BTC/USD was far from overheated.


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