Crypto Analyst Says Bitcoin Is Heavily Undervalued Despite ATH, What’s The Fair Value?
Bitcoin recently hit a new all-time high of over $70,000, but analyst Michaël van de Poppe believes it is still heavily undervalued and expects even higher numbers in this cycle. Other analysts also predict BTC rising above $100,000 and even $200,000. This bull cycle is expected to be unprecedented due to the introduction of Spot Bitcoin ETFs, leading to increased institutional demand. The demand for Bitcoin is exceeding miners' supply, potentially causing an exponential surge in its price. Analysts suggest that Bitcoin still has enough time to hit new highs, with historical patterns indicating a market top between November 2024 and February 2025. However, sharp corrections should be expected along the way. At the time of writing, Bitcoin is trading at around $68,300, up over 2% in the last 24 hours.
