Analyst Darkfost Says Bitcoin Entered an “Extreme Undervaluation” Zone on Power Law Model

Bitcoin has retreated to a level that an analyst describes as an “extreme undervaluation” zone based on a Power Law valuation model. According to ChainCatcher, analyst Darkfost said Bitcoin fell below the model’s 4th percentile line, a valuation range he said has occurred only about 4% of the time historically. Darkfost said the signal is intended as a potential long-term accumulation indicator rather than a short-term price forecast.