"Bitcoin (BTC) showed a 'healthy reset' in bullish sentiment, with the key BTC price indicator hitting an 8-month low. 📉 The Mayer Multiple indicator, which measures the current price of Bitcoin relative to its 200-day moving average, hit 1.05, its lowest level from October 2023. Despite the pessimistic sentiment, the indicator may suggest an imminent recovery. However, for the Mayer Multiple to reach the 2.4 level, the price must be almost $140,000. The current price of BTC is $60,000."