Bitcoin Could Target $91,840 Support After $113,340 Break, MVRV Bands Suggest

• $113,340 flipped to resistance, signaling increased profit-taking and downward pressure.

• $91,840 is identified as the next major support by MVRV bands and historical buyer activity.

• Market cooling after parabolic climbs suggests consolidation within MVRV bands; monitor $73,384 as the mean if support fails.

Bitcoin $BTC drops below $113,340; MVRV Pricing Bands point to $91,840 support — read levels to watch and short-term trade guidance.

What caused Bitcoin $BTC to break below $113,340?

Bitcoin $BTC fell under $113,340 after profit-taking near upper MVRV extremes pushed selling pressure higher. Short-term seller activity and rotation into lower risk zones triggered the flip, shifting focus to mid-cycle support areas for price stabilization.

How do MVRV Pricing Bands identify $91,840 as key support?

MVRV Pricing Bands combine realized value with market value to highlight extremes. The +1.0σ zone around $113,340 marked an upper extreme where investors historically realize gains. The +0.5σ band near $91,840 is a mid-cycle support that often attracts renewed buying, according to historical MVRV patterns and on-chain valuation studies.

Analyst notes: Ali observed $113,340 acting as resistance after the breach. Cas Abbé reported the loss of the $112K floor, reinforcing the importance of the $91,840 zone. These are plain-text references to analyst commentary and do not include external links.

When does $91,840 become decisive for the next move?

If Bitcoin holds $91,840 and posts a higher low with volume confirmation, the mid-cycle uptrend is likely to remain intact. If $91,840 fails on sustained selling, expect a retracement toward the MVRV mean near $73,384 as the next structural target.

Frequently Asked Questions

What should traders watch immediately after the $113,340 breach?

Monitor price action around $91,840, trading volume, and on-chain flows. A decisive bounce with increasing volume supports a continuation; failure with rising outflows signals deeper retracement risks.

How reliable are MVRV Pricing Bands for trade timing?

MVRV bands are a valuation-based tool that highlight probabilistic support and resistance zones. They are reliable for context and risk management but should be combined with price action and liquidity analysis for execution decisions.

Key Takeaways

• $113,340 resistance flip: Profit-taking at the +1.0σ MVRV band pushed Bitcoin below this level.
• $91,840 support: The +0.5σ MVRV band near $91,840 is the next critical zone for buyers to re-enter.
• Actionable guidance: Watch price-volume confirmation at $91,840; prepare for a move to $73,384 if the band fails.

Conclusion

Bitcoin $BTC’s breach of $113,340 signals a short-term cooling phase, with MVRV Pricing Bands pointing to $91,840 as the pivotal support. Traders should combine band readings with volume and on-chain indicators for entries and risk control. Monitor these levels closely for mid-cycle confirmation or deeper retracement.