Bitcoin Considered Undervalued Amid Market Conditions

Trader Michaël Van De Poppe believes Bitcoin is currently undervalued, presenting a rare buying opportunity akin to significant past bear market lows. According to NS3.AI, Van De Poppe points to on-chain and technical data showing Bitcoin is the most oversold since 2018. He notes a consolidation phase is underway before an anticipated increase in volatility. Despite recent price declines, Van De Poppe suggests that accumulating Bitcoin at these lower levels could be advantageous for long-term investors.