Hurry! Last Chance to Buy Cryptocurrency Before 2021 Super Cycle?! | KEY INDICATOR FLIPS BULLISH!!
Welcome to Crypto Daily News. Today we are taking a look at the key indicator that has recently flipped bullish, which could mean that now is the last chance to buy cryptocurrency before the 2021 super cycle.
Bitcoin has recently been on an unprecedented bull run and is now trading at highs not seen since 2017. This recent surge in prices has been fueled by institutional investors, hedge funds, and large corporations investing heavily in crypto.
There is now a key indicator that has recently flipped bullish, suggesting that the crypto market could be gearing up for a new, bigger bull run in 2021. This indicator is called the “Mayer Multiple” and it measures the ratio between the price of Bitcoin and the 200-day moving average.
When the Mayer Multiple is below 1, it suggests that Bitcoin is undervalued and could be a good buying opportunity. When the Mayer Multiple is above 1, it suggests that Bitcoin is overvalued and could be a good selling opportunity.
Right now, the Mayer Multiple has flipped from below 1 to above 1, suggesting that the current bull run could be the last chance to buy cryptocurrency before the 2021 super cycle.
It is important to remember that nothing is guaranteed in the cryptocurrency market and that this indicator is just one of many that investors can use to make decisions. However, it is one of the most reliable indicators and it is worth paying attention to.
So if you’re looking to get in on the crypto market, now could be the last chance to buy before the 2021 super cycle. Good luck and happy investing!