Bitcoin Bounce Incoming? Price Target Set at $96K

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A Bitcoin bull flag on the price charts projected a rebound to $96,000 as the Puell Multiple indicator suggested that BTC is undervalued at current prices.

Bitcoin is due for a “new uptrend” as a key BTC price metric suggests that the recent drop to $80,000 provided a prime buying opportunity. 

Bitcoin’s Puell Multiple has entered the discount zone, suggesting undervalued market conditions.

BTC bull flag pattern targets a short-term recovery to $96,000. 

Bitcoin price is “entering an opportune moment”
Data from CryptoQuant suggests that Bitcoin is in a buy-the-dip zone. The Puell Multiple, which tracks miners’ daily revenue against the annual average, has returned to the discount zone, following Bitcoin’s latest drop to multi-month lows around $80,500. 


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