#BTCRebound

Bitcoin has shown signs of a rebound recently after a period of decline. Here's a breakdown of what's happening:

Recent Price Action and Analysis:

* Price Increase: Bitcoin has been recovering, reclaiming the $86,000 price level after a low of around $74,000 in the past week. It has shown bullish momentum, rising over 15% since retesting the $74,000 zone.

* Short-Term Holders' Profitability: An analyst noted that the Market Value to Realized Value (MVRV) ratio for short-term Bitcoin holders (those holding for less than 155 days) has increased to 0.90. This suggests that these holders are nearing a profit level (above 1.00), indicating early signs of market recovery.