Viewpoint: Bitcoin has entered an undervalued range and will experience several months of sideways movement.
BlockBeats News, February 15, according to CryptoQuant analyst Darkfost's analysis based on the bitcoin 4-year simple moving average (SMA) indicator, the BTC price has now returned to the green (indicating undervaluation) zone and is approaching its 4-year moving average, which is currently around $57,500.
Historically, this level has typically marked the final stage of each bear market, with the bitcoin price trading around this level for several months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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