Bitcoin Price Trades Below Fair Value: Analysis Suggests Soft Bearish Trend

Bitcoin’s price is currently hovering around $111,000, a 3% discount compared to its estimated fair value of $115,000. This slight underpricing suggests the current weakness may be technical rather than fundamental. Despite this, sellers still hold the upper hand in the market as reflected by an integral index hovering around 43%. This indicates that while bearish sentiment is present, it’s not extreme. Notably, despite red segments dominating market activity, their intensity isn’t as severe as recent downturns, suggesting a period of consolidation rather than a full-blown bear cycle. .