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Bitcoin trades near historically undervalued zone, signaling potential accumulation ahead of October 2026.

Market News
22 Sep 2026
Finbold
View Source
Neutral
Bitcoin trades near historically undervalued zone, signaling potential accumulation ahead of October 2026.

The Bitcoin Rainbow Chart shows Bitcoin trading just above its lowest valuation band, labeled "Bitcoin is dead," at around $86,128 as of now. This suggests Bitcoin remains in a historically undervalued area, indicating bearish sentiment and potential accumulation rather than speculative highs. To reach more optimistic zones like "Basically a Fire Sale" or "BUY!", Bitcoin would need to rally 30% to 74% respectively. The chart implies Bitcoin is closer to long-term value than market euphoria, with key resistance at $112,145 before entering stronger bull phases projected for October 2026.

Bitcoin trades at Rp1.536.127.824 on Pluang, showing a 1.19% increase in the last day. As of Sep 22, 2026 19:26 WIB, the market sees more selling activity with 65% of orders as Sell and a typical hold time of 110 days on the platform.

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