Bitcoin Dips Below $70K Amid Market Volatility and Liquidations

Bitcoin has dipped below the $70,000 mark, trading at $68,581, but analysts suggest holders remain optimistic. The MVRV (Market Value to Realized Value) ratio indicates potential for future price surges, with targets between $95,000 and $120,000 if market conditions improve. Despite stable retail interest and a recent decline in whale transactions, the MVRV trend and historical cycles suggest Bitcoin's upward trajectory could continue, contingent on increased market activity and buying momentum.