Bitcoin Near Potential Rebound: Analyst Sees Key Market Turning Point

Recent market signals suggest Bitcoin may be nearing a significant rebound. A key valuation metric, the MVRV ratio, has dipped below its long-term average, signaling potential for sustained recovery driven by investor rotation from traditional assets like gold into the leading cryptocurrency. This shift, combined with favorable macroeconomic factors, positions Bitcoin for substantial gains in coming months. Experts attribute this rise to expanding DeFi applications and increasing institutional investments.