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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #920 15.6K
Moving towards technical indicators, we can use the widely used Mayer Multiple metric, which assesses the ratio between Bitcoin price and its 200DMA.

The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.

The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.

Discover more in the latest Week On-Chain below 👇
https://glassno.de/4cOHEej
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