Bitcoin Mayer Multiple hits lows that last accompanied $30K BTC price
The Bitcoin price is increasingly low compared to its 200-day moving average — a key “buy the dip” signal, per the classic BTC price indicator.
Bitcoin has delivered a “healthy reset” to bullish sentiment thanks to a key BTC price indicator hitting eight-month lows.

In a post on X (formerly Twitter) on June 27, popular analyst On-Chain College said that classic patterns were repeating on the Bitcoin Mayer Multiple.

Mayer Multiple reaches lowest since October 2023 
Bitcoin is still at $60,000, but a strikingly bearish mood has accompanied its latest 17% dip.
As Cointelegraph reported, the Crypto Fear & Greed Index is challenging 2024 lows, and across social media, there are few signs that the average hodler expects a price turnaround.