Bitcoin May Face Correction If Support Breaks Below $100,000 Amid High NVT Ratio and Bearish Patterns
The post Bitcoin May Face Correction If Support Breaks Below $100,000 Amid High NVT Ratio and Bearish Patterns appeared on BitcoinEthereumNews.com.
Bitcoin is currently exhibiting a bearish pattern, with a critical support level at $100,000 that, if breached, could lead to a significant drop to $92,000 and trigger extensive long liquidations. The Network Value to Transactions (NVT) ratio has surged to a yearly high, indicating Bitcoin may be overvalued and susceptible to a price correction. According to COINOTAG sources, maintaining the $100,000 support is crucial for Bitcoin to avoid further losses, while a rebound above $102,734 could signal a recovery phase. Bitcoin faces bearish pressure with a potential drop to $92,000 if $100,000 support fails, as the NVT ratio signals overvaluation and risk of correction. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin Is Overbought Amid High NVT Ratio The Network Value to Transactions (NVT) ratio for Bitcoin has reached its highest point in over a year, signaling that the market capitalization is outpacing transaction activity on the network. This divergence often precedes market corrections, as it suggests the asset may be overvalued relative to its actual usage. Although a minor dip in the NVT ratio was observed recently, it was primarily due to short-term external factors and does not alter the overarching trend of overvaluation. Historically, such elevated NVT levels have been reliable indicators of impending price adjustments, underscoring Bitcoin’s current vulnerability. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join…
Filed under: News - @ June 23, 2025 7:28 am