From Investing.com

April 29, 2025 11:30 AM:

Bitcoin is on the verge of reaching ‘euphoric levels’ as a key metric, the Mayer Multiple, reaches new highs. This indicator measures the ratio of the price of Bitcoin to its 200-day moving average. While this may signal a bullish trend, investors should be cautious as historically, such high levels have preceded market corrections.

Read more at Investing.com: Bitcoin About to Reach ‘Euphoric Levels’ as This Key Metric Soars, But Here’s Catch