Bitcoin’s Mayer Multiple continues to signal potential undervaluation despite approaching historic price highs, with the metric sitting at 1.1x – squarely within a neutral valuation zone.
Analysts highlight that the current reading remains significantly below the 1.5x threshold historically associated with overheated bull rallies, suggesting substantial room for further appreciation before reaching cycle extremes.
On-chain metrics reinforce this technical outlook, collectively indicating that Bitcoin remains in a sustained bull market phase with underlying fundamentals supporting additional price growth.
Market strategists increasingly converge on October 2025 as the projected peak for Bitcoin’s current bull cycle, drawing on historical patterns and quantitative forecasting models.
Investors showcase tempered positioning amid these conditions, with observed incremental profit-taking and strategic preparations for a potential blow-off top scenario later in the cycle.