<ul data-eligibleForWebStory="false"><li>Bitcoin is trading above $108,000, showing resilience near its all-time high of $112,000.</li><li>The Mayer Multiple, indicating Bitcoin's value compared to its 200-day moving average, suggests BTC is undervalued at 1.1x.</li><li>Traders are eagerly waiting for a breakout as the market remains neutral, with potential for a bullish trend if resistance is breached.</li><li>Bitcoin's price action is consolidating, with support above $105,000, as uncertainty in the global markets persists amid mixed signals.</li></ul>

Bitcoin Trading Below Historical Bull Market Levels: Mayer Multiple Suggests BTC Is Undervalued

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