[IMPORTANT] Is Bitcoin Approaching a Market Bottom as It Nears Undervalued Levels?

Bitcoin's MVRV ratio is approaching 1.2, suggesting it is near undervalued territory, typically marked by an MVRV below 1. While Bitcoin recently recovered from $62,000 to $71,000, some analysts predict further declines to $50,000 or even $38,000. Conversely, long-term forecasts from CoinCodex project a rally to around $88,000 by 2026, though macroeconomic uncertainties and market volatility remain significant risks.