🚀#Bitcoinsurges 13% after dropping to $49,050! But the "ghost month" of 2024 could make Asian investors more cautious.

🔮 Ghost month (August 4 - September 2) is often associated with bad luck in East Asian culture, BTC has been falling during this period since 2017.

📉 Although it does not directly affect, market sentiment is still affected. BTC has had sharp declines during the ghost month, except in 2021.

📊 MVRV-Z score shows that BTC is still undervalued, currently at only 1.40. RSI is also in the oversold zone, signaling a short-term uptrend.

💬 What do you think about the ghost month and its impact on BTC? Share your thoughts!#Crypto#Blockchain#Finance#Tech #MarketTrends