Bitcoin has retraced to the power-law model's extreme regression level and has entered the extremely undervalued territory.

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BlockBeats News, June 8th, according to analyst Darkfost's data, Bitcoin has retraced to break below the 4% quantile of the Power Law model, entering the extremely undervalued range. In history, only 4% of the time has been spent at this valuation level.

Darkfost emphasizes that this is a suitable period for building long-term positions and is not a short-term price prediction.

Source: BlockBeats

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