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Bitcoin Could Target $91,840 Support After $113,340 Break, MVRV Bands Suggest
The post Bitcoin Could Target $91,840 Support After $113,340 Break, MVRV Bands Suggest appeared on BitcoinEthereumNews.com. Bitcoin $BTC broke below the $113,340 level, and MVRV Pricing Bands indicate the next major support is at $91,840; traders should watch for a bounce or failure at this zone to gauge short-term direction and potential mid‑cycle continuation. $113,340 flipped to resistance, signaling increased profit-taking and downward pressure. $91,840 is identified as the next major support by MVRV bands and historical buyer activity. Market cooling after parabolic climbs suggests consolidation within MVRV bands; monitor $73,384 as the mean if support fails. Bitcoin $BTC drops below $113,340; MVRV Pricing Bands point to $91,840 support — read levels to watch and short-term trade guidance. What caused Bitcoin $BTC to break below $113,340? Bitcoin $BTC fell under $113,340 after profit-taking near upper MVRV extremes pushed selling pressure higher. Short-term seller activity and rotation into lower risk zones triggered the flip, shifting focus to mid-cycle support areas for price stabilization. ‘, ‘
The post Bitcoin Could Target $91,840 Support After $113,340 Break, MVRV Bands Suggest appeared on BitcoinEthereumNews.com.
Bitcoin $BTC broke below the $113,340 level, and MVRV Pricing Bands indicate the next major support is at $91,840; traders should watch for a bounce or failure at this zone to gauge short-term direction and potential mid‑cycle continuation. $113,340 flipped to resistance, signaling increased profit-taking and downward pressure. $91,840 is identified as the next major support by MVRV bands and historical buyer activity. Market cooling after parabolic climbs suggests consolidation within MVRV bands; monitor $73,384 as the mean if support fails. Bitcoin $BTC drops below $113,340; MVRV Pricing Bands point to $91,840 support — read levels to watch and short-term trade guidance. What caused Bitcoin $BTC to break below $113,340? Bitcoin $BTC fell under $113,340 after profit-taking near upper MVRV extremes pushed selling pressure higher. Short-term seller activity and rotation into lower risk zones triggered the flip, shifting focus to mid-cycle support areas for price stabilization. ‘, ‘
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