Bitcoin’s MVRV Z-score hits record lows on a rolling two-year basis, signaling BTC may be “undervalued.” Analysts predict imminent price recovery as precious metals rally ends. Data from Glassnode shows Z-score at lowest levels since October 2023, coinciding with BTC/USD trading around $30,000. BTC price drops to $81,040, down nearly 2% from daily open, triggering potential long-term floor placement. Gold and silver markets plummet 10-15%, prompting consolidation and potential trigger for Bitcoin’s next move.

Read more at Cointelegraph: Bitcoin More ‘Undervalued’ Than During All Previous Bear Markets, Data Says