Analyst: Bitcoin's $108,000 Price Still "Undervalued," Predicts Bull Market Peak in October
Powered by ChatGPTOn July 8, Cointelegraph reported that analyst Axel Adler Jr.'s latest research shows that although the price of Bitcoin is close to its all-time high, its Mayer Multiple indicator is only 1.1 times (the ratio of price to the 200-day moving average), which is still in the neutral range (0.8-1.5 times), far below the overheating threshold (1.5 times). This indicates that Bitcoin is trading at a discount relative to historical bull markets, providing "a good fuel reserve for a new round of gains." Several well-known analysts, including Rekt Capital and trader Jelle, unanimously predict that the bull market cycle will peak in October 2025. Analyst CryptoCon added: "Some believe that the cycle may extend into 2026 due to the slowing price action, but most data seems to support the cycle completing before the end of this year. Let's wait and see what October brings!" [Deep Tide TechFlow]