I don't know if it means anything but it looks pretty and if I were to go by it, I'd say BTC is undervalued.
Note
Alternatively, you could take the corona crash into consideration and it suddenly looks a lot scarier.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.