Bitcoin in Extreme Discount Zone of Rainbow Chart, Z-Score Hits 10-Year Low

Bitcoin's current trading price is in the lowest range of the rainbow chart model, indicating extreme discount. According to analysis, the volatility-adjusted Z-Score is -2.293, marking a new low since 2016, below the bear market bottom of -1.979 in 2022. This indicates that the current relative model's downward deviation exceeds that of the previous bear market bottom. Although Bitcoin is in an extreme discount zone and the Z-Score shows undervaluation, this does not confirm the final bottom. The extremely low valuation points to a potential attractive range, but a market reversal still requires further confirmation.

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