The bitcoin Mayer Multiple if finally flashing bullish.
This is the first time it has been over 1 in over a year!
Remember, the higher the number the bigger the price bubble...
(source:
)https://twitter.com/ChartsBtc/status/1113093160895361024
- ChartsBtc
It may not hold this time over 1, but this is likely foreshadowing the big move that is to come.
We saw the same thing happen in 2015.
Prices finally got over that 1 number and then took off for over a year...
Will history repeat and how high will we go?
I think yes I think could see $30k-$40k as a conservative target for this next bullish phase.