Bitcoin undervalued? 108,954 USD surge may just be starting

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Bitcoin’s Mayer Multiple is currently at 1.1x, suggesting it’s undervalued below the overbought threshold of 1.5x.

As of now, BTC is trading at 108,954 USD, featuring a remarkable 90% gain over the past year, indicating strong growth potential.

Analysts at CredibleCrypto believe that downside risks are limited, indicating the possibility of a new upward trend for Bitcoin.

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