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Data / Mayer multiple / 2023
The bitcoin price divided by its 200-day moving average.
Mayer multiple opened 2023 at 0.84× (January 1, 2023) and closed at 1.33× (December 31, 2023), up 58.6%. The high was 1.47× on December 6, 2023 and the low 0.84× on January 1, 2023.
| Month | Month end |
|---|---|
| January 2023 | 1.17× |
| February 2023 | 1.18× |
| March 2023 | 1.39× |
| April 2023 | 1.35× |
| May 2023 | 1.18× |
| June 2023 | 1.24× |
| July 2023 | 1.10× |
| August 2023 | 0.98× |
| September 2023 | 0.96× |
| October 2023 | 1.22× |
| November 2023 | 1.28× |
| December 2023 | 1.33× |
How far the price sits above or below its 200-day average. Under 1, bitcoin is below its trend; historically, buying below 1 has beaten buying above it over any long horizon. Readings over 2.4 have only occurred in the late stage of bull markets.
Other years: 2026 · 2025 · 2024 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2023: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Miner prices per terahash · Bitmain releases and the bitcoin price