Forget all indicators , sentimental and fundamental discussion! Did any one calculate the theoretical value of BTC and identify its variance from the actual price?
I believe there is no consensus for calculating the value of Bitcoin, as there is for calculating the value of a company. For a company, the basics would be to add up all its assets and subtract its liabilities. From there, other factors have to be taken into account, such as the cash flow trend over the last 5 years, as a company that has had a decreasing cash flow and this last year is in losses is not the same as another that has had an increasing cash flow, even though the former may have a positive net worth.
In the case of bitcoin, the fundamental issue is demand, as we already know that supply is limited and finite. As with gold, it is not possible or very difficult to calculate the real or intrinsic value as there are no cash flows.