Bitcoin’s KEY support under threat! – BTC could drop to $82K IF…
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Bitcoin’s MVRV support at $102K marks a critical line; a breach could trigger a drop toward $82K. Soaring NVT and falling stock-to-flow hint at weakening fundamentals behind BTC’s rally. Bitcoin [BTC] now clings to the MVRV +1.0σ band at $102,044, a historically significant support zone that, if breached, could trigger a sharp drop toward the MVRV mean at $82,570. This level has repeatedly acted as a bounce point during past retracements, making it a crucial line in the sand for the bulls. However, multiple on-chain and technical signals are turning bearish, suggesting momentum is fading. The market now faces a pivotal test that may determine whether the current cycle resets or continues. Source: X/Ali Is the soaring NVT ratio signaling an overheated market? The Network Value to Transaction (NVT) ratio has surged by 83.82%, reaching 56.81. This rise suggests that BTC’s market cap is growing faster than its transaction volume, a potential signal of overvaluation. Historically, similar NVT spikes have coincided with local market tops or short-term corrections. While the price holds above $104K, on-chain activity fails to match the rise, hinting at weakening fundamental support. Therefore, this rapid increase in NVT adds to downside pressure and implies that Bitcoin may be priced beyond its current utility. Source: CryptoQuant Has BTC’s scarcity narrative started to lose strength? The Stock-to-Flow ratio has declined by 12.5%, currently reading 795.16K. This drop challenges BTC’s long-standing scarcity narrative that has often supported bullish long-term valuations. A falling stock-to-flow value suggests that BTC’s perceived scarcity may no longer be enough to sustain high prices. If investors start questioning this core thesis, bullish conviction could erode quickly. Therefore, without renewed inflows or fresh catalysts tied to supply shocks, Bitcoin could find itself struggling to maintain current levels as demand weakens and the scarcity story loses weight.…
Filed under: News - @ June 16, 2025 12:01 am