Bitcoin Ahr999 index falls below 0.3, in an extremely undervalued state

The current price of Bitcoin is 59291 US dollars, with a 200 day fixed investment cost of 75821 US dollars. The Ahr999 indicator for Bitcoin is currently 0.285. A value below 0.3 is considered extremely undervalued and has historically occurred in November 2011, at the bottom of bear markets in 2018, March 2020, June 2022, November 2022, and February 6, 2024. There have been 655 days in the history of Bitcoin where the Ahr999 index has been below 0.45.