Bitcoin Price Prediction: Could $133,000 Be Next if $BTC
Holds $112,000?
If Bitcoin maintains support above $112,000, on-chain data suggests it could climb to $133,000. This forecast is based on the MVRV (Market Value to Realized Value) Extreme Deviation Pricing Bands, which have historically been accurate in identifying major market turning points.
The MVRV Z-score, an advanced version of this metric, compares Bitcoin’s market cap to its realized cap, adjusted for standard deviation. Historical patterns show that Z-scores above 7 indicate overvaluation, while scores below -2 point to undervaluation. Currently, Bitcoin is trading near $120,000 — a level that aligns with past bullish pivots when these bands signaled market bottoms.
Additionally, the number of newly created
addresses has surged, indicating rising interest and participation from investors. Some analysts believe that breaking above $123,000 could clear the path toward the $133,000 target.
However, global economic conditions and Bitcoin market sentiment remain key factors that could influence price movement. For now, the MVRV bands provide a data-driven outlook, blending technical precision with the unpredictable nature of the crypto market.