On-Chain data analyst Charles Edwards noted that Bitcoin (BTC) is currently trading at 54% below its fair value, noting that this is a great opportunity for long-term investors.
Edwards November 4 via social media account in his postBitcoin’s average 43 thousand dollar to the energy value by approx. 54% He pointed out that it was traded cheaper. Analyst this situation within 7 years Only twice He said he’s seen more.
Charles Edwards February 7, 2019 at the bottom of the bear market and on 12 March 2020 starting and Bitcoin in 2 days 50% of losing value on 3,800 He stated that similar situations occurred in the decline that caused the decline to the dollar. When examined in the past two dates, for the medium and long term quite snowy Implying that it stands out as buying opportunities, the analyst said that Bitcoin is similar in the medium and long term in the market we are in. likely to perform pointed to it.
Previously, many analysts have argued that Bitcoin’s energy value did not move in line with the market price. strong change of direction He said he could live. Analyst Raoul Pal also March of 2021 Bitcoin with a similar valuation method in was oversold had suggested.
