Two long-term Bitcoin indicators flag undervalued zone
- —BlockchainCenter's rainbow chart model shows an R² of 94.3% on data since 2012
- —The 200WMA heatmap changes dot colors based on the average's monthly growth rate
- —Purple and blue dots near the 200WMA previously aligned with buying zones in 2015, 2018, 2020 and 2022
- —Both indicators classify past prices but do not predict future ones
Why it matters: Undervaluation signals from two models may draw buyers, but they do not confirm a market bottom.
Source: TokenPost