Bitcoin Reaches Deep Undervaluation Zone – Time To Get In?
Summary
Bitcoin has fallen about 26.8% since May 15 and is trading near $60,000–$61,600, alongside very weak sentiment and sharply lower trading volume. A long-term valuation signal from the Bitcoin Power Law model now places Bitcoin below its 4% quantile, meaning it is trading cheaper than roughly 96% of its historical readings relative to its trend. That level has historically coincided with major pessimism and has often preceded stronger long-term rebounds, including in 2016, 2020, and 2022. This does not imply an immediate bottom, but it suggests Bitcoin may be in a rare accumulation zone. Market sentiment remains extreme fear, though some analysts expect a recovery toward about $69,489 next month.
