Bitcoin 'Compressed' at $62,000 as Four-Year Trend Holds

Bitcoin is trading near $62,000 and is “compressed” below its adoption structure, yet its classic cycles remain intact, analyst David Eng says. He frames BTC price action as running on two clocks: the 400-day simple moving average and a four-year trend that filters out cycle noise.

The 400-day SMA has acted as reliable support through recent bull markets, with no daily candle closes beneath it this cycle or the last. On the four-year timeframe a cleaner uptrend emerges; that trend line puts a fair price at about $76,400, implying BTC is roughly 20% undervalued.

Eng’s chart of Bitcoin’s Power Law price now sits near $135,000, and he concludes, “$BTC is not broken. It is compressed below its adoption structure.” Another analyst, Rekt Capital, estimates the current downtrend is about 71% complete and points to the 50-month exponential moving average at $63,900.

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