Bitcoin's price could potentially reach $180,000 before entering overbought territory, according to the Mayer Multiple. The Mayer Multiple is a technical indicator used to analyze Bitcoin's price in a historical context. It does this by comparing the current price of Bitcoin to its 200-day moving average (200DMA).
The Mayer Multiple is calculated by dividing the current Bitcoin price by its 200-day moving average. A higher Mayer Multiple indicates that the current Bitcoin price is high relative to its recent average price, while a lower Mayer Multiple indicates that the current Bitcoin price is low relative to its recent average price.
Historically, a Mayer Multiple above 2.4 has indicated that the market is overheated and a correction or bear market may occur. Conversely, a Mayer Multiple below 0.8 has suggested undervaluation, potentially indicating a buying opportunity.
As of late October 2025, the Mayer Multiple suggests Bitcoin remained closer to "oversold" territory during its latest all-time highs, implying a potential price target of $180,000 before becoming overbought.
The Mayer Multiple was created by Trace Mayer to assess the relative valuation of the Bitcoin market. It is important to note that the Mayer Multiple should not be used as the sole basis for investment decisions. It should be combined with other technical analysis tools and fundamental information for comprehensive judgment. Also, the Mayer Multiple is based on historical data and cannot fully predict future price trends.
Other analysts also predict that Bitcoin could reach new heights soon, with some setting BTC price targets at $180K. Bitcoin's price predictions for 2025 are ambitious, suggesting a market cap that could rise to $5 trillion. The anticipated price targets range from $145k to $249k, depending on various market and economic factors.
