A bull flag pattern for Bitcoin indicates a potential rebound towards $96,000, as the Puell Multiple signals that BTC is undervalued at its current price levels.
Key Moments
- The Puell Multiple indicates market undervaluation, suggesting that Bitcoin is currently below fair value.
- Analyst Gaah states that historically, all significant correction reversals have begun in these discount zones.
The Current Bitcoin Situation
Bitcoin’s latest value dip to around $80,000 is considered a buying opportunity. As stated by the analyst:
“Historically, all major correction reversals have started in precisely these discount regions.”
The Puell Multiple currently lies at 0.86, underpinning Bitcoin’s undervaluation. The previous instance of this occurred in April 2025, marking a follow-up rally of nearly 50% up to $112,000.
Rebound Assessment
Data implies Bitcoin is gearing up for a temporary rise after breaking the upper limit of its trading flag at $87,200. Should momentum hold, prices could hit a target of approximately $96,800, forecasting an increase of about 10.6% from the current rates.
However, trader Peter Brandt warns that this upward movement could merely be a temporary reversal before further downward trends occur.
“A final leverage flush below $80,000 is still possible,” Brandt noted.
Disclaimer: This article does not constitute investment advice. Readers are encouraged to conduct independent research.
