Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’

Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’


$20,000 is no longer support.

$100,000 didn’t happen.

The Bitcoin halving is 562 days away.

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Bears simply refuse to release their vice grip on the market and the Federal Reserve’s policy of interest rate hikes and quantitative tightening is adding fuel to the fire.

Despite these challenges, in a Sept. 15 Twitter Space hosted by Cointelegraph, Capriole Fund founder Charles Edwards explained why he is still bullish on Bitcoin.

Edwards suggested that several on-chain metrics suggest that BTC is undervalued and he said:

“I see incredible deep value and I kind of call it a trifecta and that we have three positive things happening in my mind. One is cycle timing, where between years two and three, which historically has been where all of the Bitcoin

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