The data shows that Bitcoin is not overvalued

According to recent analyses, Bitcoin (BTC) is not overvalued in the current context. Many indicators suggest that growth continues, despite recent price adjustments. Specifically, Bitcoin is still considered an attractive asset due to strong external development processes, including the increasing acceptance by organizations and the approval of Bitcoin ETF funds in the U.S., leading to higher demand for BTC.

The current state of Bitcoin indicates that its value may not rise further if there is a natural correction in the market. Analysts also believe that despite the corrections, Bitcoin is still on the path to recovery and may reach new highs in the near future.

Furthermore, data from fundamental indicators show that Bitcoin is in an accumulation phase before the next growth surge, which typically occurs after the halving event, expected in April 2024. This has been observed in previous cycles of Bitcoin.