Bitcoin Faces Critical $101K Support Amid Rising Bearish Signals and Potential Drop Toward $82K
The post Bitcoin Faces Critical $101K Support Amid Rising Bearish Signals and Potential Drop Toward $82K appeared on BitcoinEthereumNews.com.
Bitcoin approaches a critical support level at $102K as bearish signals threaten a potential drop to $82K, highlighting key risks in the current market cycle. Rising Network Value to Transaction (NVT) ratio and declining stock-to-flow metrics indicate weakening fundamentals behind Bitcoin’s recent rally. According to COINOTAG sources, the $102K MVRV support has historically been a pivotal bounce zone, making its breach a significant bearish trigger. Bitcoin faces a crucial test at $102K support amid soaring NVT and weakening stock-to-flow, signaling potential downside risk toward $82K in the near term. ‘, ‘ 🚀 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’s MVRV Support at $102K: A Crucial Line in the Sand Bitcoin’s Market Value to Realized Value (MVRV) ratio currently hovers around the +1.0σ band at $102,044, a historically significant support level. This zone has repeatedly acted as a critical bounce point during previous retracements, underscoring its importance for maintaining bullish momentum. A breach below this threshold could precipitate a sharp decline toward the MVRV mean near $82,570, signaling a potential reset in the current market cycle. Market participants should closely monitor this level as it represents a key battleground between bulls and bears. The convergence of multiple bearish on-chain and technical indicators suggests that momentum is waning, making this support zone a pivotal determinant of Bitcoin’s short-term trajectory. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range…
Filed under: News - @ June 16, 2025 12:23 am