Mayer Multiple

Bitcoin's price divided by its 200-day moving average, and how today's value ranks against every past day.

What it is

The Mayer Multiple, named after Trace Mayer, shows how stretched price is above or below its 200-day average. A value of 1 means price equals the average.

How it's calculated

Each day: that day's close divided by the average of the last 200 daily closes. The percentile is the share of past days with a lower multiple.

Limitations

There is no fixed right level, and ranges from early years may not repeat in a larger market. It describes where price sits; it isn't a timing signal.

Historical context only. This is not a prediction or financial advice, and past patterns can stop working.

Charts by TradingView Lightweight Charts (Apache-2.0). All indicators.

Historical context only, computed from saved daily closes. Not a prediction or financial advice. Past prices don't predict future prices.