Bitcoin’s MVRV Ratio hints at ‘cyclical bottom’ forming below $110K
Bitcoin’s valuation indicator showed BTC entering an “undervaluation phase” and a potential local bottom, pointing to a near-term price rebound.
Key takeaways:
Bitcoin’s MVRV ratio dropping below its 365-day average signals a local bottom, historically preceding big price rallies.
Capital rotation from gold could fuel the Bitcoin rebound, according to analysts.
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