Bitcoin’s latest push toward $74,000 has become the market’s defining test as the resistance level is widely watched on-chain and derivatives signals now converge there. The analysts are arguing that the zone around $74,000 could determine whether Bitcoin extends its rebound or slips back into another frustrating range. Supply wall comes into focus A recent report by Bitcoin World said that the first barrier sits at $74,000 because it lines up with Bitcoin’s MVRV range boundary. MVRV range boundary is a metric that compares market value with the aggregate price at which coins last moved on-chain. As per analysts, when the Bitcoin price moves on the upper end of that range, holders historically become more inclined to take profit.
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