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Bitcoin approaches historically undervalued zones on key metrics after a four-month decline, signaling potential accumulation and buying opportunities for long-term investors.
Bitcoin's Mayer Multiple has fallen to its long-term lower bound, indicating weakening momentum and potential for a deeper bear trend if key on-chain support levels at $88,600 and $82,000 break.
Bitcoin's Mayer Multiple suggests BTCUSD is closer to oversold despite all-time highs, indicating bullish potential towards $180,000, though short-term volatility may persist through October.