Bitcoin hasn't been this undervalued based on energy since 2015.
This metric is a big one.
It's the Bitcoin Energy Value Oscillator.
It shows us the current nature of Bitcoins value in relation to the amount of overall energy that has been infused into the Bitcoin network over the years since its creation.
This is from things like hash rate and mining power contributed.
This is not just some BS metric that says nothing.
Energy is everything within the Bitcoin network.
Energy is currency.
You can see here that when Bitcoin reaches very low reading here(current levels) it marks the bottoms, and when it expands into the red, it marks topping areas of final bull market zones.
And based on the energy oscillator Bitcoin has not been this undervalued since 2015... over 10 years ago.
It has also never entered the red this cycle.
And this is not just an isolated piece of data that tells us this story.
I have been saying this about Bitcoin and this cycle for a long time... how it never ever truly got underway. With no true expansion.
When you combine this with: - Liquidity cycle - Business cycle - 2W BB non Expansion - BTC/GOLD - COPPER/GOLD
It all fits together in the same picture.
This cycle is longer than the rest and we have yet to move to our true highs.
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This is actually pretty crazy.
Bitcoin hasn't been this undervalued based on energy since 2015.
This metric is a big one.
It's the Bitcoin Energy Value Oscillator.
It shows us the current nature of Bitcoins value in relation to the amount of overall energy that has been infused into the Bitcoin network over the years since its creation.
This is from things like hash rate and mining power contributed.
This is not just some BS metric that says nothing.
Energy is everything within the Bitcoin network.
Energy is currency.
You can see here that when Bitcoin reaches very low reading here(current levels) it marks the bottoms, and when it expands into the red, it marks topping areas of final bull market zones.
And based on the energy oscillator Bitcoin has not been this undervalued since 2015... over 10 years ago.
It has also never entered the red this cycle.
And this is not just an isolated piece of data that tells us this story.
I have been saying this about Bitcoin and this cycle for a long time... how it never ever truly got underway. With no true expansion.
When you combine this with:
- Liquidity cycle
- Business cycle
- 2W BB non Expansion
- BTC/GOLD
- COPPER/GOLD
It all fits together in the same picture.
This cycle is longer than the rest and we have yet to move to our true highs.