Bitcoin price dey face pressure as MVRV Ratio drop below 200-Day SMA, wetin show say bear market dey come
Bitcoin im Market Value to Realized Value (MVRV) Ratio don fall under im 200-day simple moving average (SMA), something wey traders and on-chain analysts dey always see as sign say market go drop. Before before, anytime dis kain thing happen, Bitcoin price dey always start to dey go down. MVRV Ratio dey show wetin investors don gain or lose by comparing how much market get to how much dem don realize, meaning the price wey each coin last move for blockchain. As per latest data, Bitcoin (BTC) don pass $104,000 after e bounce back small, but technical signs—including the MVRV Ratio wey dey change—dey show say investors no dey sure wetin dem wan do again and say people fit begin sell plenty. Analysts say the $98,000–$101,000 support zone very important; if e fall below dis area, price fit quick rush go $90,000. Even though daily signs no too strong, weekly and monthly charts still dey show say market go rise, and Bitcoin dominance don increase to over 64%, meaning say investors still prefer am pass altcoins. Traders suppose dey watch MVRV Ratio and key support levels well well, because if e still drop, Bitcoin fit face more risk for short to medium term.
Bearish
Bitcoin MVRV Ratio wey fall enter under im 200-day simple moving average na sign say market go drop for long time, e show say investor mind don dey change and people go fit dey sell more. This kind fall don show before say market go dey go down. Now we dey trade above $104,000, but technical signs dey weak and support area wey dey between $98,000–$101,000 dey shaky, e mean say for short and middle term, price fit still drop. But for long term, charts still dey show good things, e mean say people still get confidence for future. For now, market fit drop, and traders suppose watch if the main support go hold; if e no hold, big correction fit follow.