Bitcoin jumped to $64,000 for the third time in roughly a day on Tuesday. The S&P 500 simultaneously hit a new all-time high as markets bet on a US-Iran deal. The $64,000 resistance has nonetheless proven too strong so far. According to Crypto Dan from CryptoQuant, bitcoin remains in a « very undervalued zone », at a level similar to previous historical bottoms, as evidenced by the lack of new capital inflows, declining trading volumes, and low social media engagement. The next bull cycle, expected around 2027, should according to the analyst turn this price range into a major opportunity.
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