📊 The Mayer Multiple indicator indicates that Bitcoin is undervalued

➡️ According to CryptoQuant analyst Axel Adler Jr., Bitcoin remains undervalued even despite the price movement near historical highs.

📊 The Mayer Multiple (the ratio of the current price to the 30-day moving average) is currently at 1.1x — this is a neutral zone, far from the overbought level of 1.5x.

🅱️ The analyst believes that "digital gold" is trading at a discount compared to past bull rallies, leaving room for new growth.

📈 Other data confirms the findings: 30 indicators of the bull market peak from CoinGlass are still in the "hold" zone.

At the same time, opinions on the timing of the cycle's completion vary:

🟢 Rekt Capital predicts a peak in October 2025.

🟢 Analyst Jelle also expects the cycle to continue but notes that profit-taking has already begun.

🟢 CryptoCon believes that the cycle may end by the end of this year.

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