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

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.” “Value-Accumulation Zone” Bitcoin’s Combined Market Index (BCMI) is nearing an important historical support level…