Mayer Multiple: Bitcoin price vs its 200-day average

The Mayer Multiple is the Bitcoin price divided by its 200-day simple moving average. It tells you how stretched the price is compared with the last seven months.

Price now–

200-day average–

Mayer Multiple–

Zone–

Daily closes from Coinbase.

Historical zones

Below 0.8: deep discount. Historically rare, and it has marked cheap periods.
0.8 to 1.5: normal range.
1.5 to 2.4: elevated. The price is well above its trend.
Above 2.4: overheated. Past cycle tops happened here.

Pi Cycle Top

A related signal compares the 111-day average with twice the 350-day average. When the 111-day line crosses above, it has lined up with previous cycle tops within a few days. Like the Mayer Multiple it looks backwards and can fail in a new cycle.

Limits

Both indicators describe where the price is relative to its own past. They are useful context, not timing tools, and this page is not financial advice.

Bitcoin Tracker charts the Mayer Multiple and the Pi Cycle Top with Bitcoin’s full history, and with Hodler Pro it pushes an alert when the Mayer Multiple crosses the level you set.