Analyst: Bitcoin enters extremely undervalued zone, suitable for long positions

On-chain analyst Darkfost stated that Bitcoin has entered an extremely undervalued territory. He noted that the cryptocurrency has retraced below the 4% quantile of the Power Law model, a price range where it has historically traded for only 4% of its existence. Darkfost suggested this is a suitable time to build long-term positions, emphasizing that this is not a short-term price prediction.