๐Ÿ“Š BTC Market Insight โ€” Key Levels in Focus


Crypto analyst Murphy highlights that $BTCโ€™s support at the crucial $112,000 level is holding strong. According to the MVRV extreme deviation range, Bitcoinโ€™s price movement since April has repeatedly oscillated between the orange lower band and the yellow upper band, with the lower boundary now aligned at $112,000. As long as this threshold remains intact, the prevailing trend is expected to continue, with potential rebound targets toward the upper band near $124,000.
On-chain URPD data adds further perspective โ€” as of today, 351,000 BTC have exchanged hands in the $112,000โ€“$114,000 range, marking an increase of 80,000 BTC since August 3. The $117,000โ€“$118,000 zone stands out as the key resistance barrier. Until this range is convincingly broken, a pullback toward $112,000 remains on the table.
The optimal scenario? Price consolidating between $112,000 and $117,000, allowing market sentiment to reset, weak hands to exit, and momentum to build for the next breakout.
#BTC# #Bitcoin# #tradingsingnal# #BTC Market Insight#
BTC-0.67%
ORNJ-0.43%
BAND0.29%
T-0.29%
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