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‘Undervalued’ Bitcoin can still hit a new ATH in Q1 2025 – Explained
Bitcoin’s (BTC) price has been subject to intense scrutiny lately, with many wondering if the asset is due for another major surge. In this article, we’ll explore recent data suggesting that Bitcoin may be ‘undervalued’, giving it a potential to hit a new all-time high (ATH) in Q1 2025.
Recent market trends have indicated that BTC’s price is currently below its potential value, with indicators hinting at an imminent upward shift. The oversold region of the market could signal the beginning of a significant price rebound.
According to data provided by CryptoQuant, it appears that Bitcoin has not yet reached its market top. This information comes from Total Supply of Bitcoin in Profit, a crucial metric for identifying cycle tops and bottoms. Glassnode’s chart indicates that BTC remains well above the red trendline, historically marking such critical levels.
Source: ambcrypto.com
