Bitcoin is trading around $111,000 after several days of losing ground below its all-time high of $124,500. Bulls have managed to keep the price above the key $110,000 support, but momentum remains weak as attempts to push higher continue to fail. Some analysts warn of a deeper correction ahead if buyers cannot step in with stronger conviction.

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Top analyst Axel Adler shared new insights, pointing to the behavior of Bitcoin’s annual Adjusted MVRV. Currently, the metric has pressed against the 1.0 zone, meaning the short-term average (30-day) is almost identical to the longer-term average (365-day). In practice, this shows that the market is in a balancing phase: recent profit-taking and volatility are being absorbed by the longer-term growth trend, keeping the overall structure neutral.

Historically, this 1.0 level has often represented a pause within bullish cycles rather than the end of them. It signals that the market is digesting recent gains as short-term holders hand coins to longer-term investors. Whether Bitcoin breaks down to test lower demand zones or stabilizes before another leg higher will likely be decided in the coming weeks, as traders closely watch this critical support zone.

Bitcoin Adjusted MVRV Signals Pause, Not Reversal

According to Adler, Bitcoin’s annual Adjusted MVRV is currently pressed right at the 1.0 zone, and the dynamics behind it tell an important story. The annual basis remains positive, and its curve looks largely horizontal because two opposing forces are offsetting each other. On the one hand, the 30-day metric has cooled significantly as volatility eased and profit-taking slowed after the latest push to all-time highs. On the other, the heavier 365-day average still reflects the gains of past months, holding up the broader trend.

This synchronization between numerator and denominator compresses the difference, keeping the basis line steady rather than sliding downward or accelerating upward. In simple terms, the market is digesting the previous rally rather than breaking down.

Adler stresses that this situation at the 1.0 zone should not be mistaken for the end of a cycle. Instead, it represents a pause within an ongoing bullish structure. As long as the annual basis does not reverse downward, the market is essentially redistributing coins from short-term speculators into the hands of more patient holders. There are no strong signs of capitulation, only consolidation.

Over the next couple of weeks, the reaction at 1.0 will be critical. Whether Bitcoin holds firm and builds momentum or slips toward deeper corrections will define the next phase. For now, Adler sees this as more a matter of time and balance than a warning of a cycle-ending reversal.

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BTC Testing Support Around Pivotal Level

Bitcoin continues to consolidate after a sharp retrace from its all-time high of $124K, now trading near $110,823. The daily chart shows BTC struggling to hold above the $110K support zone, which has become a key battleground for bulls and bears.

The 50-day SMA is trending around $116,600, while the 100-day SMA is near $111,600—levels that are now acting as resistance. Meanwhile, the 200-day SMA sits lower at approximately $101,000, marking the deeper structural support. A decisive loss of the $110K zone could accelerate selling pressure, potentially leading Bitcoin to test the 100K–107K support range, a critical confluence highlighted by analysts due to the alignment with the STH Realized Price.

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On the upside, Bitcoin must reclaim the $115K–$117K region to shift momentum back in favor of bulls. Failure to do so risks further consolidation and market uncertainty. The rejection at the $123K level last week highlighted strong overhead resistance, with sellers stepping in aggressively.

Featured image from Dall-E, chart from TradingView

$110K appears as a key Bitcoin support zone – this is why

In a post on July 26th, Ali Martinez assumes that Bitcoin may be on track to a significantly higher leg, based on recent data on the MVRV price range by GlassNode. However, the best cryptocurrencies must ensure that they do not lose certain support zones to prevent this bullish paper from being invalidated.

The MVRV band comes from the market value and realised value (MVRV) ratio, which can be useful for visualizing Bitcoin when it is overvalued or undervalued compared to its historical realised price. These bands act like Bollinger bands, but are based on on-chain basis and track statistical deviations regarding the average MVRV value.

As of July 23, 2025, Bitcoin had been trading at around $118,782 after steadily rising in recent weeks. According to the MVRV pricing model, the cryptocurrency is $130,756 just below the +1.0σ deviation band, representing the next major price resistance and target: In particular, the +1.0σ band is also interpreted as a key zone of extreme market optimism, often leading to the local top (+2.0σ).

Meanwhile, the +0.5σ band on the model served as a critical support threshold at $109,858 above the current market price. Ali Marinez explains that Bitcoin should maintain a price level higher than this band and that it is likely to continue towards a target at +1.0σ level based on historical patterns. However, a breakdown below $110,000 could indicate a deeper correction, potentially lowering to around $88,960 for the average band, or as low as $68,062 (-0.5σ).

Bitcoin investors are profiting from growing market trust

More data from the MVRV model shows that the realised price growth distance for BTC is around $50,831, with current market prices reflecting the growing convictions of investors. In the context, the realised price represents the average cost basis for all coins in the circulation, thereby indicating how much profit the average Bitcoin holder is currently making.

At the press conference, the premier cryptocurrency trades at $118,178, following 0.73% on the past day. However, daily trading volumes are down 53.39%, valued at $479.8 billion. According to price prediction site CONCODEX, the Bitcoin market sentiment is largely bullish, with a fear and greed index approaching extreme greed with a 72.

CONCODEX analysts forecast key cryptocurrencies to maintain their current rebound, rising to $122,019 over five days and $141,075 per month.

Bitcoin has officially broken through its previous all-time high of $112,000, surging to $118,000 just hours ago and entering uncharted territory for the first time since late May. The breakout confirms bullish momentum after weeks of consolidation and failed attempts, with price action now showing clear strength. With the psychological and technical barrier of $112K cleared, many analysts believe this move could mark the beginning of Bitcoin’s next expansive rally.

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Bulls are firmly in control, and on-chain metrics support this breakout narrative. According to fresh data from CryptoQuant, the MVRV (Market Value to Realized Value) Extreme Deviation Pricing Bands currently stand at 2.25. Historically, Bitcoin enters the overheated zone around 3.0 or higher, suggesting there is still room for growth before reaching excessive valuation territory.

This metric, which measures the deviation between market price and realized value, helps identify when BTC is overbought or undervalued relative to past performance. At current levels, the data points to continued upside potential without major overheating concerns, fueling confidence that this breakout could extend further.

Bitcoin Enters Expansion Phase As Market Eyes $130K

After weeks of tight consolidation below the $110,000 mark, Bitcoin has finally broken out, signaling the start of a new market phase. The breakout above previous highs has reignited investor optimism, not only for BTC but also for the broader altcoin market, with many altcoins now pushing above key resistance levels for the first time in months.

This move comes amid growing anticipation of a weakening US dollar and renewed inflationary pressures as Washington adopts looser fiscal policies. The market is increasingly pricing in the effects of tax cuts, high government spending, and dovish political rhetoric—all of which create a favorable environment for risk assets like Bitcoin.

Still, the macro backdrop is not without risks. US Treasury yields remain elevated, flashing warnings of underlying systemic stress in credit markets. This tension underscores the fragility of the current rally and the importance of monitoring fundamental shifts.

Top analyst Axel Adler shared insights using the MVRV oscillator, a model that compares Bitcoin’s market value to its realized value. According to Adler, historical data over the last four years suggests that when MVRV reaches 2.75, Bitcoin tends to face its first wave of meaningful selling pressure. If the same pattern holds true in this cycle, Bitcoin could reach approximately $130,900 before seeing notable profit-taking activity.

While the current MVRV reading remains below that threshold, the model offers a clear signal of where long-term holders may begin offloading. Until then, the breakout sets the stage for a potential leg higher, with bulls now in control, pushing toward price discovery and a possible test of the $130K zone.

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BTC Enters Uncharted Territory With Strong Momentum

Bitcoin has officially broken into price discovery after blasting through its all-time high resistance near $112,000. The 3-day chart shows a massive bullish candle pushing BTC up to $118,683, representing an 8.94% gain in the last session. This breakout is the first clear sign of a strong bullish continuation after weeks of sideways consolidation below key resistance.

The chart highlights a textbook breakout structure. BTC respected the $103,600 and $109,300 support zones multiple times throughout May and June before finally gaining enough momentum to pierce through the upper resistance. The recent surge came with a noticeable spike in volume, adding confidence to the breakout’s sustainability.

Moving averages also confirm the bullish trend. The 50, 100, and 200 SMA lines remain aligned upward with increasing separation, suggesting that market structure remains strong and trend continuation is likely. Bitcoin is now trading well above all major moving averages, reinforcing the strength of the rally.

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With no historical resistance levels above, BTC enters a price discovery phase. The next psychological target for bulls will likely be $120,000, followed by the MVRV-based resistance level around $130,900. As long as BTC holds above $112K, the momentum remains decisively in favor of the bulls.

Featured image from Dall-E, chart from TradingView

Bitcoin is Starts to get closer to inch Again, it pushed to a $110,000 in the daytime high of $108,116, and is currently trading above $107,000. Despite retracements of less than $99,000 over the past week, Bitcoin’s current price action is The wider market is still bullish.

In particular, the recent price action has begun in the last 24 hours. For quiet questions Whether Bitcoin has already reached the top of this cycle. The MVRV Z-score may provide a clear answer, pointing in a very different direction than what some would expect.

MVRV Z-Score says Bitcoin has room to run

First posted according to Crypto Analyst Doctor Prote On-Chain Analysis of Bitcoin, MVRV Z score on social media platform X shows that BTC is still far from the top of the cycle. The MVRV Z-score is an established on-chain metric used to determine whether Bitcoin is overrated or underrated.

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As analysts pointed out, current levels With MVRV Z Score Metric It’s slightly outperformed 2, which has been a relatively neutral zone since Bitcoin’s creation. Bitcoin only reached its main top in past cycles when this metric rose to the red zone and exceeded its value above about 8.

The overall Bitcoin price chart shared by doctors’ interests supports this claim. The peaks of the orange MVRV Z scoreline are shown in the red shaded zones on the chart below. These red zones are almost perfectly aligned with the top Bitcoin price for 2011, 2013, 2017 and 2021. Meanwhile, despite the new record surge in May, the current cycle is You can’t push the price of Bitcoin yet That overheated area. Instead, the chart shows that the Z-score is still in a much lower band. This is summarised to show that Bitcoin prices may be on the left side, which is very important.

MVRV vs Price: What does Bitcoin’s current setup mean?

One of the details that stands out in the current cycle is the low-high patterns formed by the MVRV Z-score, as seen in the charts. Unlike the older cycles where metrics have surged into extreme overestimated zones of over 10, the most recent peaks are significantly suppressed. This trend could be interpreted as a signal that the market is beginning to mature, or that Bitcoin may already be present. Get closer to the peak of the current cycle.

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However, this pattern is worth noting, but it is far from being definitive. The only crucial fact is that Bitcoin’s price has never reached the top of the decisive cycle until the MVRV Z score is pushed into the red zone. There is no set price peak from the metric, but other analysts offer a wide range of predictions as to where they will land. Prediction of Bitcoin price peak range Anywhere from $150,000 to $500,000.

At the time of writing, Bitcoin has traded at $107,740, up 1.4% over the past 24 hours.

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Ethereum is trading at key levels as price action consolidates above the $1,500 mark. After weeks of high volatility and macro-driven selling pressure, ETH is showing signs of stability — and analysts are watching closely. A breakout above nearby resistance could signal the start of a recovery rally, especially if momentum continues to build in the days ahead.

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However, not all market watchers are convinced. Some analysts believe Ethereum may still face another leg down before a true reversal can begin. According to on-chain data from Glassnode, the MVRV Pricing Bands — which reflect market-wide cost basis and investor sentiment — highlight the next major support around $1,367. Historically, buying ETH below this lower MVRV band has offered strong long-term returns, but also coincided with peak market fear.

For now, Ethereum appears to be at a crossroads. A decisive move above short-term resistance could attract sidelined buyers and shift sentiment bullish. But failing to hold current levels could lead to a retest of lower support zones. The coming days may prove pivotal in defining Ethereum’s medium-term trend — and whether the bulls are truly ready to return.

Ethereum Tests Market Nerves As MVRV Signals Opportunity

This is a critical week for Ethereum, as price action will determine whether the recent consolidation above $1,500 can hold — or if further declines are on the horizon. Global tensions and macroeconomic uncertainty continue to pressure markets, with the ongoing U.S.-China trade war and instability in equities shaking investor confidence. While traditional markets tremble, crypto assets are showing early signs of decoupling. Ethereum, in particular, appears to be stabilizing and finding demand in the face of broader risk-off sentiment.

Despite the volatility, some analysts believe the worst may be behind for Ethereum — or at least that current prices offer compelling risk-reward setups. Top analyst Ali Martinez shared insights on X, noting that historically, buying Ethereum below the lower MVRV Pricing Band has delivered strong returns. That key level, based on on-chain cost-basis data, now sits at $1,367.

The MVRV (Market Value to Realized Value) Pricing Bands help identify overvalued and undervalued conditions by comparing ETH’s market price to its realized price — the average acquisition cost for all ETH on the network. When ETH trades below the lower band, it suggests the asset is undervalued and often precedes price rebounds.

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If Ethereum holds current support and reclaims momentum above resistance zones, a recovery rally may follow. But if bearish sentiment regains control, a retest of the $1,367 MVRV support level could come fast. Either way, Ethereum’s price action this week will be key to understanding whether the market is shifting toward strength — or preparing for another leg down.

ETH Price Holds Key Support, Market Awaits Breakout

Ethereum (ETH) is currently trading at $1,620 after several days of sideways action, struggling to push above the $1,700 resistance level. Despite the lack of a breakout, ETH has shown resilience by holding firmly above the $1,550 support zone, a level that has acted as a floor during recent volatility.

A decisive move is likely approaching. If bulls manage to reclaim the $1,800 level — where the 4-hour 200 MA and EMA converge — momentum could accelerate, setting the stage for a push toward the critical $2,000 psychological and technical resistance. Reclaiming that level would confirm a bullish trend reversal and likely spark renewed confidence across the altcoin market.

On the other hand, if Ethereum fails to maintain its footing above $1,550 and selling pressure increases, a break below $1,400 would confirm a continuation of the broader downtrend. Such a move would test lower demand zones, with $1,367 — the lower MVRV Pricing Band — seen by some analysts as the next key support.

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As price remains compressed within a tight range, market participants are watching closely for a breakout in either direction that will define the next major move for Ethereum.

Featured image from Dall-E, chart from TradingView 

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Bitcoin is facing intense selling pressure once again, with bears now eyeing a move below the critical $80,000 support level. After bulls briefly pushed BTC to $87,000, hopes for a sustained recovery were quickly dashed when the price failed to reclaim the key $90,000 resistance. Since then, momentum has shifted sharply in favor of the bears, dragging the market into deeper uncertainty.

Ongoing macroeconomic instability, fueled by escalating trade war fears and weakening global sentiment, continues to weigh heavily on financial markets — and the crypto space has been among the hardest hit. Risk appetite is fading fast, and Bitcoin’s failure to hold higher ground has only added to the pressure.

Despite the current weakness, some analysts see a potential buying opportunity on the horizon. Top analyst Ali Martinez shared insights on X, noting that the next prime Bitcoin accumulation zone could appear when the MVRV (Market Value to Realized Value) Ratio crosses above its 70-day moving average. Historically, such crossovers have marked attractive entry points for long-term investors.

Bitcoin Hovers Near $82K As Bulls Face Crucial Test

Bitcoin is now facing a key technical and psychological test around the $82,000 level after losing bullish momentum earlier this week. Bulls initially regained control with a push toward $87,000, but the rally stalled as BTC failed to reclaim the critical $90,000 resistance mark. Since then, selling pressure has resumed, erasing recent gains and dragging the price into lower support zones. What started as a minor upswing has now turned into a deeper struggle for bulls trying to stabilize the trend.

The renewed weakness comes amid persistent macroeconomic uncertainty and rising global tensions, which continue to shake financial markets. Risk appetite has faded across the board, and Bitcoin — like many crypto assets — remains highly sensitive to broader economic shifts. Price action has reflected this fragility, with bears now pressing to break below $82K and challenge deeper demand zones.

Despite the current downtrend, some analysts believe a meaningful buying opportunity could be approaching. Martinez shared on X that the next prime Bitcoin accumulation zone may emerge when the MVRV (Market Value to Realized Value) Ratio crosses above its 70-day moving average. Historically, this signal has aligned with market bottoms and early stages of recovery.

While the short-term trend remains pressured, the approaching MVRV crossover could provide a critical turning point. Bulls now face the urgent task of defending $82K and pushing back above key resistance zones. If they succeed — and if accumulation quietly continues — Bitcoin could soon find the footing needed to begin a stronger recovery phase. Until then, volatility and caution are likely to dominate the market.

BTC Down 8% As Bulls Fight To Reclaim Key Moving Averages

Bitcoin has dropped 8% since March 24, with price action continuing to show weakness as bulls fail to push past key resistance. After briefly consolidating near $87,000, BTC lost momentum and slipped below both the 4-hour 200 moving average (MA) and the exponential moving average (EMA), which were clustered in the $87K–$85K range. These moving averages have acted as dynamic support throughout past uptrends, and the recent breakdown reinforces the growing bearish sentiment.

For any recovery phase to begin, bulls must reclaim this range and flip it back into support. A sustained move above $85,000 would signal strength and could set the stage for a push toward the $90K resistance level. However, the current rejection suggests that sellers remain firmly in control.

If Bitcoin fails to hold above the $82,000 level in the coming sessions, the market could face a more profound correction. A break below $82K would likely open the door to sub-$80K prices, placing Bitcoin back into lower demand zones and triggering renewed fear among investors.

With volatility increasing and macroeconomic uncertainty still weighing on the market, bulls are under pressure to act quickly before bearish momentum accelerates further.

Featured image from Dall-E, chart from TradingView 

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XRP MVRV Ratio Has Dropped Under Its 200-Day MA

As pointed out by analyst Ali Martinez in a new post on X, the MVRV Ratio’s latest crossover may signal a macro trend shift for XRP. The “MVRV Ratio” refers to an on-chain indicator that keeps track of the ratio between a given asset’s market cap and its realized cap.

The realized cap is a capitalization model that calculates the cryptocurrency’s ‘true’ value by assuming that the real value of any token in circulation is the spot price at which it was last transacted on the network.

The previous transaction price of any coin can be considered the value at which its investor purchased it, so the realized cap represents the total amount of capital that the asset’s holders as a whole spent to purchase their holdings. In contrast, the market cap just tells us what value the investors are holding in the present.

Since the MVRV Ratio takes the ratio between these two metrics, it basically signifies the profit-loss status of the market as a whole. The indicator being greater than 1 suggests investors are holding more than they invested, while it being under the mark implies a dominance of underwater tokens.

Now, here is the chart shared by the analyst that shows the trend in the XRP MVRV Ratio, as well as its 200-day moving average (MA), over the last few months:

As displayed in the above graph, the XRP MVRV Ratio has witnessed a plunge recently as a result of the drawdown that the cryptocurrency’s price has gone through.

Though, despite the price crash, the indicator’s value continues to be well above the 1 level, meaning that the investors of the asset are still largely in the green. That said, there is one important level that the metric has indeed dipped below due to the downtrend: the 200-day MA.

The MVRV Ratio broke above the level in the last few months of 2024 and remained above it until this breakdown. From the chart, it’s apparent that the previous crossover proved to be a bullish signal for XRP.

Now that the reverse crossover has occurred, the analyst has noted that another potential macro trend shift could be ahead for the cryptocurrency’s price. It only remains to be seen whether the asset will continue to decline in the coming days and confirm the pattern or not.

XRP Price

At the time of writing, XRP is floating around 2.23, up more than 5% over the last seven days.

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Ethereum (ETH) has officially lost the $2,000 mark, trading below this key level for the first time since 2023 and reaching its lowest point since October 2023. The price plummeted as low as $1,750, marking a dramatic drop from its December 2024 high of $4,100. This staggering 57% decline has created a difficult environment for bulls, as Ethereum struggles to find stability amid growing selling pressure.

The broader crypto market downturn, driven by macroeconomic uncertainty and risk-off sentiment, has left ETH in a vulnerable position, with traders unsure whether a bottom has formed or if further downside is ahead. The sharp decline in Ethereum’s value has intensified bearish sentiment, making it one of the worst-performing major altcoins over the past few months.

According to Glassnode data, Ethereum is testing key levels below $2,000 and above $1,800 based on the MVRV Pricing Bands. Historically, this range has acted as a major support zone, and its ability to hold will be critical in determining Ethereum’s short-term price direction. If ETH fails to stabilize, the market could be in for another wave of selling, potentially pushing prices even lower.

Ethereum Tests Critical Support As Market Struggles

The entire crypto market has suffered a major breakdown, mirroring the decline in U.S. stock markets as trade war fears and uncertainty surrounding U.S. President Trump’s policies weigh heavily on investor sentiment. Macroeconomic instability and volatility have been the primary market drivers since the U.S. elections in November 2024, and current conditions suggest that this trend is far from over.

Rising global trade war concerns and erratic decision-making by the U.S. administration have further fueled fear and uncertainty, sending the U.S. stock market to its lowest levels since September 2024. This risk-off environment has translated into increased selling pressure across the crypto market, with Ethereum (ETH) struggling to hold critical support levels.

Top analyst Ali Martinez shared insights on X, highlighting that Ethereum is now testing key levels based on the MVRV Pricing Bands. According to on-chain data, ETH’s Realized Price currently sits at $2,060, a level that has acted as crucial support in previous cycles. If Ethereum fails to hold above this mark, the next major downside target is around $1,440, which would represent a substantial drop from current levels.

With market conditions still fragile, the next few trading sessions will be crucial in determining Ethereum’s short-term trajectory. If ETH can hold above $2,060, it may have a chance to stabilize and attempt a recovery. However, if selling pressure intensifies, the market could see Ethereum test significantly lower price levels, adding to the growing uncertainty among investors.

ETH Struggles Below $2,000

Ethereum is currently trading at $1,900, following days of heavy selling pressure that have led to significant losses. ETH has failed to hold key levels, with the price dropping as low as $1,750 just a few hours ago, marking one of its lowest points in months. With the market under continued bearish control, bulls are now racing to reclaim the $2,000 mark in an effort to stabilize price action and shift momentum toward a potential recovery phase.

For Ethereum to regain strength, it must hold above current levels and push past $2,000 quickly. A break above this key resistance zone would indicate renewed buying interest, reducing selling pressure and allowing ETH to attempt a more sustained recovery. However, if ETH fails to reclaim $2,000, the market is likely to see a continuation of the downtrend, with further declines expected.

With Ethereum in a fragile position, the next few days will be crucial in determining whether bulls can step in to reverse the trend or if ETH will slide into deeper correction territory. Traders are closely watching price movements, as Ethereum remains at risk of further downside if key levels are not regained.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.