According to Cointelegraph, although the price of Bitcoin is close to its historical high, the Mayer Multiple indicator shows it is still undervalued. CryptoQuant analysts point out that this indicator is currently at 1.1x, in the neutral zone, far from the overbought threshold.
Analysts believe that Bitcoin may peak in the bull market in October 2025. Traders Rekt Capital and Jelle both predict this timeframe and have started to take profits. CryptoCon believes the cycle will complete by the end of the year.
