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Perspective: Bitcoin Has Entered the Undervalued Zone, Bitcoin Will See Several Months of Sideways Movement

Perspective: Bitcoin Has Entered the Undervalued Zone, Bitcoin Will See Several Months of Sideways Movement

BlockBeats News, February 15th, according to CryptoQuant analyst Darkfost, based on the Bitcoin 4-year Simple Moving Average (SMA) indicator analysis, the BTC price has now returned to the green zone (indicating price undervaluation) and is approaching its 4-year average, currently around $57,500.

Historically, this level usually marks the final stage of each bear market, with the Bitcoin price trading around this level for several months.

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