Hard to say, as there are hardly any “fundamentals” to judge whether Bitcoin is undervalued or overvalued at these levels. Still, there are a couple of bullish signs for the digital currency worth noticing. Bitcoin, for instance, rallied last week, as conventional gold and stocks faltered, due to anxiety over the direction of interest rates and world trade. Meanwhile, the SPDR Gold Trust lost 2.31% and 2.51% over the same period, and the S&P500 lost 3.53% and 4.93%. Investment 5d 30d Bitcoin +13.95* 22.81 SPDR Gold Trust -2.31 -2.51 SPDR S&P 500 -3.53 -4.93Thursday March 1, 2018 at 3pmBitcoin displayed a similar pattern last year.

Source: Forbes March 03, 2018 01:52 UTC