Bitcoin Charts Flag $75k Bottom, But Analysts Predict 40% Rally...

Bitcoin whales are accelerating their purchasing despite BTC’s short-term bearish outlook. Meanwhile, Wall Street analysts expect BTC to hit new all-time highs before the end of 2025.

Bitcoin’s drop below its MVRV Mean band puts $75,700 as the next major downside target.

BTC whales are accelerating their purchases as Wall Street analysts predict a 40% price rebound by year-end.

Bitcoin (BTC) may be preparing for a deeper decline after breaking below a crucial long-term support level that has helped stabilize its price since 2023.

The BTC support stemmed from the MVRV Extreme Deviation Bands, a set of lines that indicate when Bitcoin is overvalued or undervalued compared to what most holders paid for their coins.

The most important line is the Mean band (yellow), which acted like Bitcoin’s “fair value.” When BTC traded above it, the market was usually healthy. When it fell below it, weakness often followed.

Last week, Bitcoin slipped under the Mean band for the first time since late 2022.

In previous cycles, once BTC lost this “fair value” line, the price usually drifted down toward the –0.5σ (teal) band.

As of Tuesday, the teal band aligned with the $75,700 level, down approximately 18% from current prices and now serving as the next downside target for Bitcoin.

A breakdown below the teal band could accelerate the sell-off toward the -1σ band (blue) at around $52,800, akin to the bear markets in 2022, 2021, and 2018.

Source: CoinTelegraph