Following a significant drop to 89,000 USD, Bitcoin demonstrates strong bullish momentum. The MVRV Ratio, currently at 1.32, shows that traders are seeing a 32% unrealized profit, reflecting an overall positive market sentiment.
To trigger an 11% rally towards 113,400 USD, Bitcoin must break the crucial resistance of 102,235 USD. However, failing to do so may lead it below the 100,000 USD mark, with 95,668 USD being a key support level.
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