{"id":53780,"date":"2025-06-06T13:27:52","date_gmt":"2025-06-06T13:27:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-at-104k-but-falling-mvrv-ratio-hints-at-short-term-correction\/"},"modified":"2025-06-06T13:27:52","modified_gmt":"2025-06-06T13:27:52","slug":"bitcoin-at-104k-but-falling-mvrv-ratio-hints-at-short-term-correction","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-at-104k-but-falling-mvrv-ratio-hints-at-short-term-correction\/","title":{"rendered":"Bitcoin at $104K, but falling MVRV ratio hints at short-term correction"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-23-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-23-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-23-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-23-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Support range between $98,000 and $101,000, seen as critical.<\/li>\n<li>DonAlt warns of a potential 15% price drop to $90,000.<\/li>\n<li>MVRV ratio falls below the 200-day moving average.<\/li>\n<\/ul>\n<p data-start=\"160\" data-end=\"714\">Bitcoin is showing signs of strain as technical indicators point to a possible short-term correction, despite the cryptocurrency maintaining levels above $103,000.<\/p>\n<p data-start=\"160\" data-end=\"714\">The market\u2019s attention has turned to a narrowing support zone that analysts warn could trigger a steep decline if breached.<\/p>\n<p data-start=\"160\" data-end=\"714\">As of Thursday afternoon, Bitcoin is trading at $104,082, down about 1% over the past 24 hours.<\/p>\n<figure id=\"attachment_313403\" aria-describedby=\"caption-attachment-313403\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-313403\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/Bitcoin-1.jpg\" alt=\"Bitcoin price\" width=\"1517\" height=\"555\"\/><figcaption id=\"caption-attachment-313403\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<p data-start=\"160\" data-end=\"714\">Market watchers say price action around the $98,000 to $101,000 band will likely determine whether Bitcoin maintains its bullish momentum or heads for a notable pullback.<\/p>\n<h2 data-start=\"716\" data-end=\"780\">Key support range under pressure as analyst warns of reversal<\/h2>\n<p data-start=\"782\" data-end=\"1194\"><a href=\"https:\/\/www.youtube.com\/watch?v=G10hBqONoXg\">Crypto analyst DonAlt<\/a> has highlighted the $98,000 to $101,000 level as Bitcoin\u2019s most important short-term support, noting that any breakdown below this area could result in a sharp 15% price drop.<\/p>\n<p data-start=\"782\" data-end=\"1194\">A breach would place Bitcoin near $90,000, a level last seen in early May.<\/p>\n<p data-start=\"782\" data-end=\"1194\">The analysis is based on a daily chart that appears unstable following what the analyst describes as a \u201cfalse breakout\u201d earlier this month.<\/p>\n<p data-start=\"1196\" data-end=\"1623\">Bitcoin surged to a new all-time high around $112,000 before retreating to the support zone.<\/p>\n<p data-start=\"1196\" data-end=\"1623\">According to DonAlt, such behaviour is often associated with market weakness.<\/p>\n<p data-start=\"1196\" data-end=\"1623\">In strong uptrends, price action usually builds on previous highs, rather than retracing to earlier consolidation levels.<\/p>\n<p data-start=\"1196\" data-end=\"1623\">The recent return to the support range could indicate a lack of follow-through from bulls and increased risk of selling pressure.<\/p>\n<h2 data-start=\"1625\" data-end=\"1682\">MVRV ratio falls below key threshold, raising concerns<\/h2>\n<p data-start=\"1684\" data-end=\"1990\">Another widely followed metric is also pointing to a potential weakness.<\/p>\n<p data-start=\"1684\" data-end=\"1990\"><a href=\"https:\/\/x.com\/ali_charts\/status\/1930666425548444009\">Crypto market analyst Ali Martinez<\/a> noted that Bitcoin\u2019s Market Value to Realised Value (MVRV) ratio has fallen below its 200-day moving average.<\/p>\n<p data-start=\"1684\" data-end=\"1990\">Historically, such movements have preceded periods of correction or sideways price action.<\/p>\n<p data-start=\"1992\" data-end=\"2403\">The MVRV ratio compares the market capitalisation of Bitcoin to the average purchase price of coins currently in circulation.<\/p>\n<p data-start=\"1992\" data-end=\"2403\">A declining ratio suggests that investors, on average, are holding unrealised profits or losses that may affect their willingness to sell.<\/p>\n<p data-start=\"1992\" data-end=\"2403\">A drop below the long-term average typically reflects weakening conviction in current price levels and has often led to short-term downward moves.<\/p>\n<h2 data-start=\"2405\" data-end=\"2474\">Long-term charts remain intact, despite bearish short-term signals<\/h2>\n<p data-start=\"2476\" data-end=\"2849\">While short-term indicators may suggest increased downside risk, longer timeframes continue to offer some reassurance.<\/p>\n<p data-start=\"2476\" data-end=\"2849\">According to DonAlt, both the weekly and monthly Bitcoin charts remain strong and consistent with a broader bullish structure.<\/p>\n<p data-start=\"2476\" data-end=\"2849\">He stated that the daily chart looks fragile at the moment, but longer-term trends are still supportive of higher prices ahead.<\/p>\n<p data-start=\"2851\" data-end=\"3060\">Bitcoin\u2019s market dominance has also continued to grow, now standing at 64.61%.<\/p>\n<p data-start=\"2851\" data-end=\"3060\">This suggests that despite current volatility, investor confidence in Bitcoin over other cryptocurrencies remains relatively high.<\/p>\n<h2 data-start=\"3062\" data-end=\"3120\">Market sentiment is cautious as technical divergence grows<\/h2>\n<p data-start=\"3122\" data-end=\"3507\">At present, traders are closely watching whether Bitcoin can remain above the $101,000 level, with sentiment divided between bulls who view the dip as a temporary pause and bears who expect a deeper correction.<\/p>\n<p data-start=\"3122\" data-end=\"3507\">The convergence of chart patterns and weakening metrics like the MVRV ratio has introduced an element of uncertainty, especially after Bitcoin\u2019s rapid ascent to record highs.<\/p>\n<p data-start=\"3509\" data-end=\"3879\">With Bitcoin holding above the psychological $100,000 mark for now, traders may remain on edge until a clear direction emerges.<\/p>\n<p data-start=\"3509\" data-end=\"3879\">If the lower support levels fail, the next leg could be a quick drop to $90,000, a move that would reset much of May\u2019s gains.<\/p>\n<p data-start=\"3509\" data-end=\"3879\">However, if support holds, the recent weakness may simply represent a consolidation phase before another leg upward.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" 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DonAlt warns of a potential 15% price drop to $90,000. MVRV ratio falls below the 200-day moving average. Bitcoin is showing signs of strain as technical indicators point to a possible short-term [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":53781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53780"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53780"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53781"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}