This analysis is inspired from the post written by Preston Pysh. The code and the twitter bot is developed by CoindicatorBot in order to automate this analysis on a daily basis.

The analysis is based on bitcoin price data that can be downloaded from this link. The data after Jan 1, 2011 is taken into account.

Blockchain reports bitcoin prices not daily but for every other day. So, I adjusted the analysis accordingly. There might some differences from the original post above. However, the overall pattern should still hold.

If you want to support the development of this analysis and extend it to other large cap coins for the future, BTC tip address is

1EgbwSuP1H6tTbctCqhw9e4zojok44Gwgf

Summary Information

• Bitcoin Price on December 11, 2017 : 16762.12

• 200 Day Simple Moving Average : 4857.53

• The Mayer Multiple on December 11, 2017 : 3.451

• A higher multiple has historically happened only 5.8% of the time since Jan 1, 2011.

• A price less than 11658.072 would put the Mayer Multiple below 2.4.