Bitcoin May Remain Undervalued as Mayer Multiple Suggests Potential for Further Gains

Key Points

1. Bitcoin’s Mayer Multiple is at 1.1x, below the 1.5x overbought threshold, suggesting undervaluation and potential for upward movement.

2. Bitcoin's price remains stable above $108,000, with minor gains (0.17% in 24 hours, 2.35% over seven days) and a $22.97 billion trading volume.

3. Analyst CredibleCrypto notes limited downside risk and emerging bullish momentum, with the upward impulse already underway.

4. Bitcoin has gained 90% over the past year, reflecting strong investor confidence despite nearing all-time highs.

5. The Mayer Multiple and stable price action suggest a balanced market outlook, with potential for further growth.