Bitcoin's price has been fluctuating between $102,335.72 and $106,428.81, suggesting stagnation and an inability to reach its all-time high of $109,114.88. However, Glassnode's Mayer Multiple (MM) indicators show that Bitcoin is not yet oversold and would need to exceed $181,000 to be considered overbought. Other analysts project even higher price ranges between $145,000 and $249,000. The current MM value of 1.37 indicates positive momentum and the potential for further growth. Bitcoin has maintained support above $100,000 and must find support above $104,000 for higher performance. A rebound in investor confidence and market dynamics could propel Bitcoin towards the $181,000 price projection.



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