The price of Bitcoin is approximately 115,800 USD, sitting 6% below its all-time high of 124,128 USD. With a MVRV ratio showing many investors are profitable, there is potential for profit-taking, indicating a mild danger zone.
Market analysts suggest a consolidation phase ahead, driven by scant macroeconomic support. Still, significant holders remain optimistic, as they continue to accumulate Bitcoin despite current market trends.
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