Further downside is expected, but multiple data points suggest Bitcoin is undervalued


$ 109,621.2
€ 93,035.2
¥ 38,800.0
£ 80,284.4
BTC
2.05 %
$ 2,601.96
€ 2,208.66
¥ 921.11
£ 1,905.40
ETH
6.68 %
$ 327.57
€ 277.95
¥ 116.10
£ 239.78
XMR
3.07 %
$ 91.55
€ 77.68
¥ 32.38
£ 67.01
LTC
8.61 %

Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected.