Bitcoin (BTC) touched $69,000 on US election day on Nov. 5 as a key onchain metric flipped bullish, suggesting that BTC’s uptrend toward $120,000 “remains intact.” Bullish MVRV ratio puts BTC price target at $120KBitcoin is attempting to reclaim its 2022 all-time high of $69,000 as election anxiety engulfs the market on Nov. 5. In a market currently influenced by numerous macro-related issues, CoinLupin, an analyst at market intelligence firm CryptoQuant, opted for the traditional approach, utilizing the market value realized value (MVRV) indicator to indirectly assess Bitcoin’s current value….