Critical Analysis of Bitcoin (BTC): Trading Below Its Value But Showing No Bullish Signals! Here's Why
Critical Analysis of Bitcoin (BTC): Trading Below Value but Lacking Bullish Signals
Bitcoin surged past $65,000 as military tensions between the US and Iran eased, positively impacting altcoins like Ethereum, Solana, and XRP. This week is pivotal, with the Federal Reserve's interest rate decision due.
Analyst Axel Adler notes Bitcoin's MVRV Z-Score, a valuation benchmark, has hit a multi-year low but remains above negative territory. This indicates Bitcoin is trading in a zone historically considered below its true value, yet a full-scale capitulation typical of past bear market bottoms has not occurred. The current Z-Score is around 0.42, well below its historical average of 1.7 but not yet negative.
While Bitcoin's 7-day realized profit/loss trend has turned positive, signaling reduced selling pressure on-chain, Adler cautions this alone is insufficient to confirm a new bull cycle. He concludes that Bitcoin is currently closer to a "stabilization phase of undervalued Bitcoin" than a confirmed cycle bottom. For a sustainable uptrend, stronger on-chain demand, increased profitability, and aggressive accumulation by long-term investors are still needed alongside reduced selling pressure.
cryptonews.ruВчера 11:53