Bitcoin has been experiencing a sustained uptrend, reaching new all-time highs and drawing significant attention. Glassnode's analysis shows that Bitcoin's Realized Cap has increased by 3.8% in the past 30 days, indicating increased investment activity and confidence in its value stability. The NVT Ratio also suggests that Bitcoin is not overvalued, reducing the likelihood of an immediate correction. The undervaluation indicates that Bitcoin's growth is not driven by speculation but by transactional strength. While currently trading at $76,443, Bitcoin may experience a slight dip to test support around $73,773 before resuming its upward trajectory. However, if it fails to rebound and dips below $73,773, it could decline further to $71,367, challenging the current bullish outlook.



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