Bitcoin's Mayer Multiple hits 2022 levels: Where is BTC price bottom?

The Bitcoin Mayer Multiple reached 0.65, echoing the deep bear market conditions of 2022 and sparking debate on whether BTC's real bottom lies at $50,000 or lower.

The Bitcoin Mayer Multiple reached 0.65, echoing the deep bear market conditions of 2022 and sparking debate on whether BTC's real bottom lies at $50,000 or lower.

SOLβs price has validated a classic head-and-shoulders pattern on multiple time frames, with a price target of about $50.

Whale and institutional demand for Bitcoin show signs of a comeback, but downside risks remain as analysts expect BTC price to retest $66,000 support.