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According to cryptocurrency analyst Alex Adler Jr., Bitcoin (BTC) is currently trading significantly below its overbought threshold. In other words, the original crypto may be undervalued at its current position. Adler cites the Mayer Multiple’s 1.1X current metric to back his claims. The current value is substantially lower than the 1.5X value, which would have otherwise signaled an overbought asset. The figures could mean that BTC can climb to a new all-time high soon. The Bitcoin Mayer Multiple is another classic model in Analysis . Currently, the metric stands at 1.1х (price to 200-day moving average), which falls within the neutral zone (0.8–1.5х) and is significantly below overbought thresholds (1.5х). Today's Mayer Multiple indicates that… pic.twitter.com/xqhfnNm051 — Axel Adler Jr (@AxelAdlerJr) July 8, 2025 Why Is Bitcoin Consolidating Despite Being Undervalued? Source: Watcher.Guru The recent BTC price surge was likely due to a rise in institutional investments ov...

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A widely followed analyst is outlining the potential path forward for Bitcoin (BTC), Solana (SOL) and other crypto assets. The analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that Bitcoin, Solana and other crypto assets are in a “classic bear trap.” A bear trap is a situation where a decline is interpreted as the start of a bearish trend when it is a temporary development that will reverse upwards. “I think we’re still in the bull market. I’m 95% sure we’re still in the bull market. But this bear trap is designed to break your heads. Do not leave. Do not leave at this stage, ladies and gentlemen.” Turning to Bitcoin, the pseudonymous analyst says that a bullish reversal pattern has formed on the crypto king. “[Bitcoin has] been staggering around this area [around $82,000] for like seven or eight days. So it’s a classic double bottom, which is what I like to see.” Bitcoin is trading at $81,6...