Bitcoin’s MVRV ratio recently fell below its 365-day moving average, indicating an undervalued phase. Analysts predict this might suggest a local bottom and a significant price rally ahead, with past patterns supporting similar outcomes.
Analysts note a rotation of investment from gold to Bitcoin as gold’s value declines. A potential shift of just 5% could elevate Bitcoin’s price significantly, reinforcing the argument for a bullish trend in the upcoming months.
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