📉 Bitcoin (BTC) is trading 7% below its local high of $66,508 reached on September 27. Analysts like Jamie Coutts of Real Vision believe this could be a reset before the rally in late 2024.

- MVRV Z-score shows that BTC is undervalued.

- High open interest (OI) indicates strong market sentiment.

- Global liquidity is growing, which could push the price higher.

However, the US elections could bring uncertainty and volatility.