The price of bitcoin fell about 10% over the past week.

Bitcoin just fell to its lowest level in almost a year.

Bitcoin price looks deeply undervalued, and as the selling pressure tapers off, some analysts believe BTC presents a golden buying opportunity.

While no one has fond memories of the 2022 crypto winter — with the price of bitcoin falling 80% — the timeline was relatively brief, roughly one year from the blowoff top to the bottom. From there, bitcoin quickly doubled in price, rose through 2023, and ultimately hit a new record in early 2024.

The Bitcoin price attracts attention from analysts and traders who watch its moves on crypto exchanges. Researchers usually point to a few factors that move the coin’s price through different cycles. The key drivers include supply limits, market demand, macroeconomics, and market behaviors.

The weakness in the US dollar has failed to trigger a rally in Bitcoin price, while gold and other hard assets rise further. JPMorgan strategists claim

Bitcoin is looking increasingly bruised lately. There are plenty of reasons why it's having a hard time. There's still one big reason why it's still worth buying. 10 stocks we like better than Bitcoin › Bitcoin (CRYPTO: BTC) is having one of those periods that make even its evangelists a bit tense.

The main impact of the price decline is slowing Strategy's ability to buy more bitcoin without diluting shareholders, as its stock now trades at a discount to its bitcoin holdings.

Despite a seemingly low debt/equity ratio (0.14), Strategy faces a headwind in a scenario where the Bitcoin's price continues to fall. Strategy's valuation remains stretched, with the stock trading at 81.84x sales and forward EV/EBITDA of 1778, underscoring overvaluation concerns.