Bitcoin adjusted UPSR has reached previous bottom levels, Quinten Francois notes

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Bitcoin adjusted UPSR has reached previous bottom levels, Quinten Francois notes — Bitcoin adjusted UPSR revisits past lows

Bitcoin's adjusted UPSR has returned to levels last seen around the 2019 and 2022-23 bottoms, according to Quinten Francois. Francois also commented that at those times, many people believed the situation would worsen, and he observes that a similar sentiment of fear is present again.

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Francois has previously questioned assumptions about cryptocurrency valuations, arguing that a coin falling 90 percent from its peak does not automatically mean it is undervalued in a prior analysis of altcoin price drops. He has also discussed bitcoin price movements, specifically citing key daily and weekly moving averages as technical reference points in earlier commentary on BTC indicators. His recent observations continue a focus on long-term market signals and prevailing trader sentiment.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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