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 its365-day averagesignals a local bottom, historically preceding big price rallies.

Capital rotation from gold could fuel the Bitcoin rebound, according to analysts. 

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