Key Points:
Bitcoin’s Classic Mayer Multimetric is far from overheating despite its highest price ever in inches.
BTC’s price action will enjoy a “new upward impulse” as a result, an analysis from popular crypto contributors states.
October 2025 has gained favour as the next top bull market.
Bitcoin (BTC) is “undervalued” despite its greatest stay ever, a new analysis of the classic BTC price indicator says.
In a July 8th X post, Axel Adler Jr., a contributor to the Onchain Analytics Platform Cryptoquant, revealed a promising signal from Bitcoin’s Mayer Multitions.
Bitcoin Mayer multiple “are well below the over-acquisition threshold”
Bitcoin could be circulating $108,000 after earning 90% profit over the past year, but Mayer multiples are not ready to call the top of BTC prices.
Many compare BTC/USD with a simple moving average of 200 days, and the resulting values can be used as strength gauges when compared to similar periods of previous market cycles.
“Currently, the metric is 1.1°C (200-day moving average from price), which falls within the neutral zone (0.8-1.5-) and is well below the acquisition threshold (1.5-),” wrote Adler.
“Today’s Mayer multiple shows that Bitcoin is trading at historic bull rally discounts, and is much undervalued than it is overvalued.
The multiples do not provide strict buy and sell signals, but form one of the numerous on-chain metrics that have yet to inform the top of the Bull Market.
As reported by Cointelegraph, a huge list of 30 “bull market peak” metrics from the monitoring resource Coinglass remains at 100% in the “hold” area.
Top BTC price in October, analysts say
However, the estimates are different when current uptrends are likely to encounter “blow-off tops.”
Related: Will “False Move” cost $105,000? 5 things you need to know about Bitcoin this week
The increasingly popular target is October 2025, with the date being a popular trader and flagged by analyst Rekt Capital.
“If Bitcoin peaks at Bullmarket in September/October 2025 following a historic half-cycle…it’s only two or three months away,” he repeated over the weekend.
This week, fellow trader Geré agreed to the cycle-top time frame and revealed that profits have already begun.
By the way, I just sold an additional 2% of Holdings. 💰
I still think there will be a cycle top in October – and I’ll be out then.
Stick to the plan, week, week, #bitcoin pic.twitter.com/ohq1plkwcj
– Jerre (@cryptojellenl) July 8, 2025
“Some people are under the impression that the cycle can be expanded to 2026 (the year of the Bear Market) due to slow price action,” popular analyst Cryptocon continued in his own X post on the topic.
“Most data seems to support the cycle being completed by the end of this year. Let’s see what October brings!
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
