Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal?

Bitcoin’s price has been experiencing a gradual recovery on a micro level, showing a 1% increase over the past 24 hours, bringing it back above $83,000. However, when viewed from a broader perspective, Bitcoin remains in a bearish trend, down 9.3% in the past week and 24.7% from its all-time high (ATH) in January.
This extended downtrend has raised concerns about whether the market is undergoing a deeper correction or if a potential reversal is on the horizon.Possibility Of A Deeper Correc