This Is What Could Happen Next With Bitcoin (BTC) Above $110k

The Bitcoin price slipped more than 1% in the past 24 hours, trading near $108,200 after sellers blocked a breakout attempt. Short-term pressure is still present, but several on-chain and technical signals are showing a possible rebound forming beneath the ￰0￱ market’s mood has been mixed since ￰1￱ outflows and risk trimming by institutions have kept prices under control. Still, data from Glassnode and Santiment indicate that the worst of the selling may already be ￰2￱ Slows as Holders Stay Firm The MVRV Z-Score, which compares Bitcoin’s market value to its fair value, has risen slightly from 1.90 to ￰3￱ small higher-low pattern previously led to a strong recovery in September, when Bitcoin gained nearly 14% within a week.

Bitcoin’s MVRV seems to be on the rise |