Bitcoin Could Crash Significantly If It Fails to Hold Critical Support

A well-known crypto analyst has raised concerns about Bitcoin’s stability, warning that a major drop could be on the horizon if the asset fails to maintain a crucial support level.

According to Ali Martinez, Bitcoin could see a sharp decline to $74,400—its lowest level since November—if it slips below $92,180.

$92,180 is now one of the most critical support levels for #Bitcoin $BTC, based on the MVRV Pricing Bands. If this level breaks, $74,400 becomes the next target. pic.twitter.com/uE4qTOlO1v

— Ali (@ali_charts) February 3, 2025

He bases this prediction on Bitcoin’s Market Value to Realized Value (MVRV) bands, which help identify important price thresholds.

MVRV is a key metric that compares Bitcoin’s market capitalization to the total value of coins based on their purchase prices.

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When this ratio turns negative, it suggests that most investors are holding at a loss, often signaling an oversold market.

Martinez highlights that Bitcoin has been in a downtrend since the start of the year, as reflected in its MVRV momentum indicator.

This ongoing weakness, he warns, could lead to further price struggles if key support levels fail to hold.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.