Analysis: Bitcoin has returned above the 200-day moving average, bullish outlook expected

The energy value of Bitcoin has reached $130,000, with a 40% discount compared to its intrinsic value.

The energy value of Bitcoin is $130,000, which indicates a significant appreciation potential in the future with a 40% discount compared to its intrinsic value.

According to BlockBeats, Charles Edwards, founder of Capriole Investments, stated that since the halving event in April 2024, the energy value of Bitcoin has reached $130,000. The current trading price of Bitcoin is at a 40% discount to its intrinsic value.

'Energy value' is a model used to measure the relationship between Bitcoin's 'fair value' and the amount of energy used by global miners to produce Bitcoin.

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