Bitcoin (BTC) saw a notable rebound in April, rebounding from around $67,000 to $78,000. A highlight of the move is BTC’s successful recovery to the $73,700 level, an area that now serves as a crucial support base for the ongoing trend, according to MVRV Pricing Bands data.
Bitcoin at a crossroads: Will it rise to $96,000 or fall to $55,000?
MVRV (Market to Realized Value) pricing ranges are an on-chain framework that compares Bitcoin’s market price to its realized value, effectively identifying areas of overvaluation and undervaluation across market cycles. in Share X On April 25, Ali Martinez explained that Bitcoin’s restored pricing range was -0.5 MVRV, when it rose decisively above $73,700, marking a major technical shift.
Bitcoin $ Bitcoin I managed to get a pricing range of -0.5 MVRV, which currently stands at $73,700. This level is the pivot point of the current trend.
As long as the support level remains at $73,700, the goal is to return to the average, which is currently around $96,000.
Should you lose Bitcoin… https://t.co/arxxFtwNtn pic.twitter.com/bt5dtAHwbT
– Ali Charts (@alicharts) April 25, 2026
Within this framework, the -0.5 range acts as a transitional support level; Consolidation above it indicates that the market is regaining strength, with short-term downside risks diminishing. Martinez asserts that as long as BTC maintains support above $73,700, the next logical step is to push towards the intermediate MVRV level, which currently sits around $96,000.
However, the structure remains conditional as a breakdown below $73,700 would invalidate the current bullish bottom scenario. In such a case, Bitcoin may face renewed selling pressure, with the next major downside target aligned with the price achieved near $55,000. This level represents the average cost basis for all traded currencies and has historically served as strong overall support during corrections.
MVRV price scene
Beyond the immediate levels, MVRV pricing ranges outline a broader roadmap for Bitcoin’s potential movement. Above the intermediate level of $96,000, the +0.5 range is located near $118,000, marking the next potential resistance area during the extended rally. After that, the +1.0 range, which is currently around $140,000, represents the area of severe overvaluation. Historically, Bitcoin tends to approach this level during euphoric market phases, which are often followed by periods of cooling or consolidation.
On the downside, the realized price range is around $54,700, which is closely in line with the previously mentioned $55,000 level. Below that, the -1.0 range near $51,500 represents a deeper area of currency devaluation, typically associated with capitulation events or late-stage bear market conditions. Together, these ranges provide an organized view of BTC’s current position.
At press time, Bitcoin is trading at $78,011, up 13.01% in the past month. However, despite these gains, Bitcoin remains 38.19% away from its all-time high of $126,198, which was reached in October 2025.
Featured image from Freepik, chart from Tradingview
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