That's super hard question, especially when all the cyrpto market is going down like crazy. Big guys will purchase everything cheap from weak hands, the question is how low we can go and when we will reverse.
ETF decision was just delayed by 2 weeks and nothing bad happened and that was used just to dump the market
How can we say if the current Bitcoin price is cheap or expensive? It's cheaper than the peak, but how can it be decided whether it is still under- or over- valued?