Mayer Multiple Indicates Bitcoin’s Undervaluation

The Mayer Multiple metric suggests that the leading cryptocurrency is undervalued, despite its price nearing historical highs. This conclusion comes from an analysis by CryptoQuant’s Axel Adler Jr.

The Bitcoin Mayer Multiple is another classic model in analysis. Currently, the metric stands at 1.1х (price to 200-day moving average), which falls within the neutral zone (0.8–1.5х) and is significantly below overbought thresholds (1.5х).

Today’s Mayer Multiple indicates that… pic.twitter.com/xqhfnNm051

— Axel ?? Adler Jr (@AxelAdlerJr) July 8, 2025

The indicator compares Bitcoin’s price with its medium-term trend line (30-day SMA). Currently, the metric stands at 1.1x. According to Adler Jr., this is a neutral zone (0.8x–1.5x), far from the overbought threshold of 1.5x.

The analyst believes that digital gold is trading at a discount compared to past bull rallies, creating room for a new upward momentum.

Adler’s conclusions are supported by other data. For instance, 30 bull market peak indicators from CoinGlass remain in the “hold” zone.

A Different Perspective

Opinions on the potential peak of the current cycle vary. A trader known as Rekt Capital expects it in October 2025, based on historical halving cycles. 

#BTC

If Bitcoin is going to peak in its Bull Market in September/October 2025 as per historical Halving cycles…

That’s only 2-3 months away$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) July 5, 2025

Analyst Jelle concurs, noting that profit-taking has already begun.

Happy profit-taking day by the way — I just sold another 2% of the holdings. ?

Still thinking we see a cycle top in October — and I’ll be out right around that time.

Sticking to the plan, week in, week out.#Bitcoin pic.twitter.com/ohQ1PlkwcJ

— Jelle (@CryptoJelleNL) July 8, 2025

Another expert, known as CryptoCon, believes the cycle could end by the end of this year.

According to the time between cycle bottoms and cycle tops (about 152 weeks), the Bitcoin cycle top will be in October this year.

We’ve got about 21 weeks or 5 months until we get there.

How are we shaping up so far?

Other cycles had already completed their First Cycle Top by… pic.twitter.com/b4BQSsLcNh

— CryptoCon (@CryptoCon_) June 13, 2025

Earlier, analysts at Glassnode noted a “summer lull” in the cryptocurrency market.