1. 🚨 **Valuation Indicator**: A popular Bitcoin valuation indicator is signaling that Bitcoin is currently highly undervalued.
2. 📉 **Historical Comparison**: Bitcoin hasn't been this undervalued since the collapse of the FTX exchange at the end of 2022.
3. 📈 **Buying Opportunity**: On-Chain College suggests it’s a great time to buy Bitcoin if you believe its price will rise in the next 6-12 months.
4. 🔄 **Mayer Multiple**: The indicator, created by Trace Mayer, compares Bitcoin’s price to its 200-day moving average. A reading below 2.4 indicates a "buy" signal.
5. 📊 **Current Ratio**: As of Aug. 5, the Mayer Multiple was at 0.88, and it has slightly risen to 0.93 after Bitcoin’s rebound.
6. 🔍 **Undervaluation**: Analysts note the metric has been higher 70% of the time since Bitcoin’s inception, suggesting undervaluation.
7. 🚫 **Caution Advised**: Some analysts recommend holding off on buying Bitcoin in case of further price dips.
8. 🔜 **Market Entry**: Markus Thielen of 10x Research suggests waiting for Bitcoin to drop to the low $40,000s before the next major rally.
9. 📉 **Recent Dip**: The crypto trading account "wallstreetbets" notes everyone gets Bitcoin at the price they deserve.
10. 🔄 **Support Levels**: Pseudonymous trader Mags warns that if the $60,000 support level is lost, Bitcoin may retest long-term trendline support before rising higher.
