However, the implications are not that binary. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Some people use it to determine whether Bitcoin is overbought, fairly priced, or undervalued. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. BTC, therefore, could see a corrective pullback or an outright sell-off, in which case prices may eventually drop below the day MA, driving the Mayer Multiple below 1.