Bitcoin Rebounds to $83,500 as Support Test Intensifies
Nearby cost bases can map potential support, but actual buying must absorb offered supply; the Oct. 27–28 Fed meeting could shift the demand backdrop.
Every Zipp story tagged #MVRV, newest first.
Nearby cost bases can map potential support, but actual buying must absorb offered supply; the Oct. 27–28 Fed meeting could shift the demand backdrop.
The reading places Bitcoin in a zone historically associated with accumulation, but it does not establish a price floor or reverse the rejection near $87K.
The call rests on on-chain cost basis: $30,000 would imply MVRV near 0.56, in line with Bitcoin's worst historical bottoms, while Bloomberg's Mike McGlone sees a far deeper $10,000 reversion.
Institutional ownership and a larger market cap are damping volatility at both ends, so the era of vertical rallies and 80% drawdowns gives way to a steadier, structurally supported advance.
The MVRV cross above its 365-day average has appeared only twice before, in 2019 and 2023, and each time it marked the opening move of a full Bitcoin bull cycle.
The unresolved question is whether Bitcoin is forming a durable bottom or pausing before the late-year selloff seen after comparable midterm-cycle lows.
Both the 30-day and 365-day MVRV sit near record lows at roughly -45% and -47%, putting holders deep underwater — but that pain on its own is not yet a reversal, which is why the $1.15-$1.20…
The token's 30-day and 365-day MVRV ratios are at the deepest discount in XRP's history, and analysts read the capitulation as a contrarian entry rather than a confirmed bottom.
Historically, every time the MVRV Z-Score has reset below zero — 2011, 2015, 2018, 2020 and mid-2022 — Bitcoin has spent months, not days, in the buy zone, with a multi-year bull run following each…
The indicator is at 0.24 — right at the edge of the green zone that marked cycle lows in 2011, 2014, 2018 and 2022.