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


$ 84,646.1
€ 78,393.1
¥ 38,800.0
£ 65,497.8
BTC
1.91 %
$ 1,880.06
€ 1,742.11
¥ 861.77
£ 1,454.32
ETH
2.29 %
$ 219.20
€ 203.03
¥ 100.72
£ 169.61
XMR
0.51 %
$ 83.12
€ 76.99
¥ 38.09
£ 64.32
LTC
-1.05 %

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.