🚀 Bitcoin is approaching the $69,000 mark on U.S. election day, with the MVRV index indicating that the upward trend to $120K is still intact!

- The MVRV index reaches 2, double the estimated on-chain value, indicating that the market is optimistic.

- Predictions suggest that BTC could rise to $95k - $120k if this trend continues.

- Analysis from Mags indicates a "buy" signal from the hash ribbon, forecasting that BTC could surge strongly.

- BTC has strong support around $68,000, with the 20-day EMA at $68,221.

What do you think about this trend? Share your thoughts below! 💬 #Bitcoin #CryptoNews