Bitcoin’s Deflection To S2F Model Suggests An Undervalued Coin
The Bitcoin market along with the remaining spot is undergoing a seesaw-like movement. This has resulted in the undervaluation of Bitcoin, however, the digital asset was already set on the recovery path. Bitcoin price declined under $10.5k on 13 September, but like its previous trends, the market was currently recovering. The digital asset is being The post Bitcoin’s Deflection To S2F Model Suggests An Undervalued Coin appeared first on Coingape.
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The Bitcoin market along with the remaining spot is undergoing a seesaw-like movement. This has resulted in the undervaluation of Bitcoin, however, the digital asset was already set on the recovery path.
Bitcoin price declined under $10.5k on 13 September, but like its previous trends, the market was currently recovering. The digital asset is being traded at $10,587k, but the data suggests that it is currently undervalued.
Bitcoin undervalued, suggests S2F deflection
Data provider, Glassnode Alerts provided a screenshot of the Bitcoin Stock-to-Flow Deflection [1d MA] which noted the metric reaching a 17-month low.
