Bitcoin's price dipped to $102,650 amid heightened geopolitical tensions following airstrikes between Israel and Iran. Historically, such events have presented buying opportunities, with Bitcoin averaging a 64.6% price increase in the 50 days following major geopolitical crises since 2010. Despite the current dip, the Puell Multiple, indicating miners' daily revenue, suggests Bitcoin is undervalued and accumulating rather than experiencing selling pressure. Historic data shows that a Puell Multiple below 1.0 marks accumulation phases, supporting the thesis that this dip could be a prime investment opportunity. Moreover, data indicates that most Bitcoin holders are in profit, which reduces the risk of panic selling. The confluence of discounted valuation metrics and resilient cost basis suggests a robust foundation for recovery, hinting that the potential for significant gains exists in the weeks ahead, based on Bitcoin's historical performance during global uncertainties.

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