The analysis shows that the BTC price is approaching $5,000 and is still in a reasonable valuation range.

According to the blockchain investment research institute TokenGazer, on April 2, the price of bitcoin rose by 800 dollars in just one hour, and the market value increased rapidly by 53.9MM, although the price dropped in a short time. However, it is still fluctuating between the highs of $4,600 and $4,700. According to the TokenGazer BTC valuation model, the BTC's increase is still within a reasonable valuation range.