Bitcoin eyes rebound to $96K from current ‘discount’ zone: Analysis
A Bitcoin bull flag on the price charts projected a rebound to $96,000 as the Puell Multiple indicator suggested that BTC is undervalued at current prices.
Bitcoin (BTC) is due for a “new uptrend” as a key BTC price metric suggests that the recent drop to $80,000 provided a prime buying opportunity.
Key takeaways:
Bitcoin’s Puell Multiple has entered the discount zone, suggesting undervalued market conditions.