Analysts Say Bitcoin is Trading at a 20% Discount, Here’s Its True Value!

Despite the ongoing downward trend in the cryptocurrency market, some analysts remain optimistic about Bitcoin’s long-term outlook. Crypto analyst David Eng stated that while Bitcoin (BTC) is currently in a bear market, its long-term cyclical structure remains intact.

According to Eng, Bitcoin’s price movements are driven by two key indicators: the 400-day moving average and the four-year market cycle. Based on this data, the analyst estimated Bitcoin’s fair value to be approximately $76,400.

Eng stated that the current market price is approximately 20 percent below this level, arguing that BTC’s current value does not fully reflect its long-term potential.

According to the analyst, this doesn’t indicate a breakdown in Bitcoin’s fundamental value structure. Rather, it shows that the price has temporarily fallen below the long-term adoption trend line. Eng reminded that Bitcoin has exhibited similar movements in past cycles and tends to return to this trend line over time.

On the other hand, another cryptocurrency analyst, Rekt Capital, believes that the current bear market has progressed significantly. According to the analyst, the current downward trend is approximately 71% complete. However, it is predicted that the downward trend may continue for a few more months.

Experts’ assessments indicate that despite short-term fluctuations, expectations for Bitcoin’s long-term cycle largely remain intact, and investors continue to closely monitor market movements.

*This is not investment advice.

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