📊 Bitcoin: Still room to go before a peak

The MVRV Z-Score is a key indicator to assess whether Bitcoin is:

✅ Overvalued (red zone) – as in 2017 and 2021

✅ Undervalued (green zone) – as in 2015, 2018, 2019, 2020, 2022 and 2023

Current situation:

🔹 Bitcoin is neither overvalued nor undervalued

🔹 The indicator remains bullish (📈) as in previous bull markets

🔹 Despite Bitcoin's explosion around $110,000, the indicator has still not reached the overheating zone

🧐 Conclusion: According to this indicator, the market has not yet reached its peak, leaving plenty of room for improvement before a possible top!

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