Bitcoin's fair price is now estimated at $100,000 according to an updated valuation model based on a logarithmic OLS regression.
Analysts suggest that the $103,000 level represents a deflated bubble, forming a strong base for Bitcoin's future upward movement.
A chart comparing Bitcoin's price with a power-law trend line shows the fair price at $100,000, slightly below the current market value of $103,000.
Analyst Michaël van de Poppe indicates that Bitcoin is at a level favorable for fresh spot purchases after a recent wave of liquidations.
The pivotal question now is whether Bitcoin can reclaim the $106,000 level, potentially leading to new all-time highs, or else presenting a buying opportunity below $100,000.
Analysts view the current consolidation around key fair value levels as a positive sign for Bitcoin's next major market cycle.