🚀 Bitcoin's flirtation with $70K has the crypto world buzzing! Despite a slight dip, the bull market isn't over yet, according to CryptoQuant. 📈

• The MVRV ratio, a key metric, is currently at 2.78, far from its peak in past bull markets. This suggests BTC isn't overvalued yet, hinting at potential price hikes.

• After a two-month chill, CryptoQuant predicts a likely upward trend starting in June.

• BTC's 152% surge over the past year, with 60% of 2024's growth driven by Bitcoin ETFs and the recent halving event, is a testament to its strength.

• With eyes on the Federal Reserve's rate cuts, the market anticipates a rally that could benefit BTC.

• Galaxy CEO Mike Novogratz expects BTC to trade between $55K-$73K until the Fed lowers rates, indicating a period of stability.

What do you think? Is BTC set for a major move? Share your thoughts below! 🚀💬 #Bitcoin #CryptoNews #DeFi