Crypto
Bitcoin maintains long cycle; four-year fair value seen at $76,400
Bitcoin has stayed in a recent weak trend, but its long-term trajectory based on a four-year cycle remains intact, an analysis said. Analyst David Eng said bitcoin is trading about 20 percent below a four-year “adoption structure” trendline, implying a fair value near $76,400. Short-term indicators still point to a bear market that may persist for months, with focus on the 50-month exponential moving average around $63,900 and June’s monthly close.
