Bitcoin is trading below $69,000, likely consolidating short-term. Realized price bands suggest BTC is in a deep value zone. Valuation metrics show structural support at $40,000–$55,000. Historical data indicates rallies after re-testing these zones have led to gains and potential upside of 170% to 220%.

Power law quantile model places BTC near the 14th percentile of its long-term log-log price corridor, indicating temporary undervaluation. Confluence between price near realized price bands and lower power law percentiles has preceded major recoveries. Analysts predict potential sell-off to $52,000 before a durable low forms. Sherlock warns BTC may retrace to $38,000 to $40,000 based on historical analysis.

Read more at Cointelegraph: Bitcoin Buy Signal Points to 220% Upside Despite Near-Term Risk