Bitcoin Bull Run Has Room To Run, Mayer Multiple Hints

Key points:

• Bitcoin’s classic Mayer multiple metric is far from overheated, although the price is thumb from historical maximum.

• As a result, the BTC price event could be used “new ascending impulse”, says the analysis of the popular cryptoquant contributor.

• October 2025 gains kindness as a point of another bull market.

Bitcoin (BTC) “undervalued”, although it remains near the highest maximum, according to the new analysis of the classic BTC price.

IN X post On Tuesday, Axel Adler Jr., a contributor to Onchain Analytics platform Cryptoquant, a promising signals from Bitcoin’s Mayer multiple.

Bitcoin Mayer more “Significantly under the Runned Prague”

Bitcoins may circle $ 108,000 for 90% of profits over the last year, but the Mayer multiple is far from ready to call the BTC price.

Multiple compares BTC/USD with its 200 -day simple gliding diameter and the resulting value can be used as a strength meter compared to similar periods in previous market cycles.

“Currently, the metric is 1.1 х (price for a 200 -day gliding average), which falls into the neutral zone (0.8–1.5 century) and is significantly below the border values ​​(1.5nge),” wrote Adler.

“Today’s multiple of Mayer suggests that bitcoins are traded with a discount on their historical bull rally and are underestimated than overvalued – a good fuel reserve for a new ascending impulse.”

Although multiples do not offer strict purchase or selling signals, it is one of the large numbers of onchain metrics that still have to signal the bull market.

As Cointlelegraph reportedA giant list of 30 “Bull Market” indicators from a monitoring source Coinglass It remains 100%in the “Hold” territory.

Analysts say the BTC prize in October

However, estimates where the current uptrend may encounter its “blown top” differs.

Related: “FALSE MOVE” to $ 105,000? This week in bitcoins 5 things

The increasingly popular goal is October 2025With this month marked by a trader and analyst Rect Capital, also as a result of a historical comparison.

“If Bitcoins get to their bull market in September/October 2025 according to historical cycles half … that’s only 2-3 months,” he repeatedly over the weekend.

This week, the merchant Jelle agreed on the time framework for the top of the cycle, which revealed that the profit has already begun.

By the way, a happy day for profit – I just sold another 2% of shares. 💰

We still think that in October we see the peak of the cycle – and I will be at that time.

Stick to the plan, week, week.#Bitcoin pic.twitter.com/ohq1plkwcj

– Jelle (@cryptojellenl) 8 July 2025

“Some people have the impression that the cycle can expand by 2026 (the year of the bear’s market) due to a slower price action,” continued analyst Cryptocon its own x post on the topic.

“It seems that most of the data prefers that the cycle will be completed by the end of this year. We will see what October brings!

This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.