Bitcoin BCMI Drops Into Historic Undervaluation Zone: Is a Major Pivot Forming?

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News After a strong week, Bitcoin (BTC) is trading just above $75,000, as risk assets moved higher on hopes the US may reach a deal with Iran. Against the backdrop of a much-anticipated respite, new data revealed that the asset is currently testing a “major historical pivot zone.” Bitcoin’s Combined Market Index (BCMI) is nearing an important historical support level after plunging into the 0.2-0.3 range. This area has previously defined periods when the leading crypto asset was significantly undervalued, even though it does not point to an instant rebound, according to the latest report by CryptoQuant. The index,

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