$BTC Bitcoin Update
According to BlockBeats, CryptoQuant analyst Axel reports that the Short-Term Holder MVRV (Market Value to Realized Value) ratio currently stands at 1.09.
The first notable wave of selling pressure is projected to emerge around an MVRV level of 1.25, which corresponds to a target price of approximately $118,000.
If the MVRV climbs to 1.35, a stronger wave of selling pressure could hit, potentially pushing Bitcoin's price toward $128,000.
Based on the current average daily growth rate, analysts expect:
MVRV 1.25 by early June
MVRV 1.35 by late June
Keep an eye on these key levels — they could define Bitcoin’s next major moves.
#CryptoQuant #BTC #MVRV #CryptoAnalysis #CryptoNews
