Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’

$20,000 is no longer considered support.

$100,000 didn’t happen.

The Bitcoin halving deadline is 562 days away

The market is unable to be freed from the vice grip of bears, and the Federal Reserve’s policy to increase interest rates and tighten quantitatively is fueling the flames.

Charles Edwards, founder of Capriole Fund, explained why he remains bullish on Bitcoin despite these difficulties in a September 15 Twitter Space hosted and hosted by Cointelegraph.

Edwards stated that there are several indicators that BTC is undervalued.

“I see tremendous deep value, and I kinda call it a trifecta. That is three positive things happening to my mind. The first is cycle timing. This is the time between years two-three, when all Bitcoin cycles have bottomed. We’ve reached 90% of normal cycle down draw. These numbers can be lower but it is still a decent value signal. Lastly, the readings of almost all on-chain metrics are at about one in four year discounts. It’s a once-a-cycle opportunity for me at the moment.

Edwards answered a question about the Bitcoin halving of the past and the impact of the current economic climate on the next halving.

It was successful because Bitcoin was positioned as one of the most difficult assets in the world during massive monetary printing. We did see some of the traditional financial investors, legends, Druckenmiller, and other old-school finance. It’s a hedge, so it was easy to get into Bitcoin. That kind of triggered the next 6-12 months of rallying. The Bitcoin halving cycle is still the best timeframe for the crypto industry. At least for now. They won’t last forever, but I believe they are still significant in how people invest in this space. The incremental value of bitcoin’s inflation drop is negligible with each halving, because it is already — except Ethereum — the most difficult asset or harder than gold.

2022 proved that crypto investors still need to learn risk management and how to build a balanced portfolio. Edwards stated:

No matter what your trading or investment method, it doesn’t matter what strategy you use. It is important to model as much data as possible, not just two years. This is how entities have collapsed in the past. As much as possible, at least 10 years worth of Bitcoin, and then assume the worst. Then, add an additional buffer to help you manage your position sizing.

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https://cointelegraph.com/news/bitcoin-is-trapped-in-a-downtrend-but-a-trifecta-of-positives-scream-deep-value

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Donna Burk– Business News My Name is Donna Burk and I am also the main source from the ‘Dailynewssheet.com’ of all the exclusive and most delicate visualization of the activities in the business sector. My first step towards this journey was taken in the very early years of my life. I started with an independent financial consultant. However, I only had almost 4 years of skills and experience in this market. I have always been a free personality and like to fly one place to another, to explore more and more. Moreover, this passion and craze of traveling gave me a chance to report a section for best news associations. Last but not least, I am presently working full-time as an editor.

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