Crypto
Is it a good time to buy bitcoin? Data shows it near an undervalued zone
Bitcoin has fallen from the $80,000 range to the $60,000s, marking one of the biggest corrections of the current cycle. U.Today reported the bitcoin MVRV ratio recently dropped to 1.1, just above a zone historically seen as undervalued. While the price remains below key moving averages, short-term indicators show oversold conditions, with the RSI around 27. Volume has risen sharply, suggesting heavy selling, though a definitive bottom remains unclear.
