#bitcoin looks undervalued at current levels.
When you step back and view price action through the lens of historical drawdowns and macro-driven shocks, a familiar pattern emerges. Nearly every major dip over the years — from COVID panic, seasonal sell-offs, structural collapses, and systemic stress events — has occurred when sentiment was deeply pessimistic and fear dominated positioning.
That’s where we are again.
Despite headlines, volatility, and short-term weakness, Bitcoin is once more trading in a zone that has historically rewarded patience rather than panic. The Fear & Greed Index remains depressed, positioning has been flushed, and price is reacting more to fear than to fundamentals.
This doesn’t mean downside is impossible — but it does suggest risk-reward is no longer skewed toward sellers. In past cycles, these environments have marked periods where value quietly formed while conviction was scarce.
Markets don’t signal opportunity when confidence is high.
They do it when doubt is everywhere.
Something worth keeping in mind.
