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Bitcoin Enters Undervalued Zone, Price Expected to Consolidate for Months

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$71,167.40-4.59%
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Bitcoin’s price is currently trading near $57,500, having returned to the undervalued (green) zone according to CryptoQuant analyst Darkfost, based on the 4-year SMA. This level often signals the final phase of a bear market. The price is expected to consolidate over the coming months. On-chain data suggests a prolonged sideways movement before the next major price move.

BlockBeats news, on February 15, according to CryptoQuant analyst Darkfost, based on an analysis of Bitcoin’s 4-year simple moving average (SMA) indicator, BTC’s price has now returned to the green zone (indicating undervaluation) and is approaching its 4-year moving average, currently around $57,500.


Historically, this level has typically marked the final stage of each bear market, with Bitcoin trading near this level for several months.

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