The Bitcoin Ahr999 bottom-fishing indicator has dropped to 0.287, signaling an extremely undervalued zone. This comes as Bitcoin trades at $59,600 against a 200-day DCA cost of $75,821. Historically, the Ahr999 indicator falling below 0.3 is a rare occurrence, typically seen during systemic panic or bear market bottoms. Notable instances include the early market in 2011, the 2018 bear market bottom, the COVID-19 crash in 2020, and the FTX collapse in 2022. The indicator, developed by ahr999 (Jiushen), aids long-term holders in identifying optimal buying opportunities.
Bitcoin Ahr999 Indicator Signals Extreme Undervaluation at 0.287
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