I just saw that Bitcoin continues to give interesting signals according to technical analysis. Last Friday, it had that modest recovery, and the structure looks bullish, but honestly, I think there is still a risk of a sharper drop. I saw an analysis from a crypto expert that mentions the MVRV Bands — they basically compare the market value with the realized value to detect if Bitcoin is overvalued or undervalued. The interesting thing is that historically, Bitcoin has bottomed between the 1.0 and 0.8 bands since 2010, but in this cycle, it hasn't yet tested those critical zones. The bands are at $54,145 (band 1.0) and $43,316 (band 0.8). If there is a strong mass sell-off, those levels could be where it finally stabilizes. Additionally, the current price structure resembles that of 2022 — which means there could be another bullish push, but probably followed by a deeper final fall. Right now, BTC is hovering around $80K, so there’s quite a distance to those support levels. Personally, I’m watching how this develops over the next few weeks.

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