Bitcoin’s (BTC) True Value Could Be 90% Higher, Says Analyst

Bitcoin’s (BTC) current market position is drawing mixed views. While some traders believe the asset is in a bear phase, others suggest the price does not reflect its true value.

Crypto analyst Sykodelic is among those who believe Bitcoin is trading far below where it should be. They claimed that recent market weakness is not driven by fundamentals but rather a short-term reset, with the larger trend still intact.

Market Conditions and Structural View

Sykodelic argues that Bitcoin’s pullback over the last two months should not be mistaken for a breakdown. 

“What has happened over these last 6–8 weeks has not been a fundamental market shift that most believe… It’s been a structural reset.” 

The market observer believes the broader high-time-frame structure is holding up, and Bitcoin is simply lagging behind other assets that are already recovering.

The analyst links Bitcoin’s value to trends in gold and global liquidity. According to the analysis, this correlation places Bitcoin’s current price at nearly 90% below its fair value. They projected a short-term price target of $153,000 based on these macro indicators.

Bitcoin is criminally underpriced no matter which way you slice it.

What has happened over these last 6-8 weeks has not been a fundamental market shift that most believe…

It’s been a structural reset, with the overall HTF picture fully intact.

Bitcoin is now just lagging.… pic.twitter.com/WmJEurQPY2

— Sykodelic Read Original