Based on Captainaltcoin, Bitcoin (BTC) has triggered the strongest oversold signal in its history, with the 2-year MVRV Z-Score hitting the lowest level ever recorded. Analyst Michaël van de Poppe notes this reading is even deeper than the 2018 bottom and the 2022 FTX crash. The current situation shows a historically extreme undervaluation, despite BTC's price remaining above past bear market levels. Van de Poppe suggests this could signal a potential trend reversal, similar to previous major cycle turning points.
Bitcoin (BTC) Hits Deepest Oversold Signal in History
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