Bitcoin: Remains Undervalued in Cycle

Bitcoin is extremely cheap according to @CryptoMichNL, with the market still in the undervaluation part of the cycle despite the recent advance from $60K levels.

Price action on the 4h chart tests the upper Bollinger band resistance at $80297.93 while the RSI at 46.86 holds neutral and the MACD prints a death cross at 34.02, suggesting a healthy retracement toward the EMA50 support at $79048.22 before continuation higher, with the EMA200 at $73699.1 anchoring the broader bullish structure.

Traders focused on BTC price prediction and Bitcoin cycle analysis note that crypto market valuation metrics continue to signal room for expansion in the current phase.