Bitcoin at a crossroads: An analysis of STH MVRV metrics, Supertrend, and price movement scenarios
Early November 2026 brought the market a serious test of resilience. Following late-October volatility, Bitcoin's price stabilized above $76,000, creating uncertainty among traders.
The STH MVRV on-chain metric
According to Glassnode, the Short-Term Holder MVRV has fallen to 1.02. This means that the average purchase price for short-term investors is exactly $76,000.
Bullish scenario:
Holding this level creates a solid wall of buyers ready to defend their entry points.
Bearish scenario:
A daily close below $76,000 has historically triggered panic selling and a move toward the 20-week SMA ($73,000–$74,000).
Technical outlook
On the daily timeframe, the Relative Strength Index (RSI) is in neutral territory (52).
The main obstacle to the continuation of the bullish trend $BTC is a resistance block in the $81,850–$85,000 range.
Conclusion and takeaways
The market is in a “spring compression” phase.
The optimal strategy right now is to trade based on confirmed levels without using excessive leverage.
#bitcoin #CryptoNews #BinanceSquare #BTC
Early November 2026 brought the market a serious test of resilience. Following late-October volatility, Bitcoin's price stabilized above $76,000, creating uncertainty among traders.
The STH MVRV on-chain metric
According to Glassnode, the Short-Term Holder MVRV has fallen to 1.02. This means that the average purchase price for short-term investors is exactly $76,000.
Bullish scenario:
Holding this level creates a solid wall of buyers ready to defend their entry points.
Bearish scenario:
A daily close below $76,000 has historically triggered panic selling and a move toward the 20-week SMA ($73,000–$74,000).
Technical outlook
On the daily timeframe, the Relative Strength Index (RSI) is in neutral territory (52).
The main obstacle to the continuation of the bullish trend $BTC is a resistance block in the $81,850–$85,000 range.
Conclusion and takeaways
The market is in a “spring compression” phase.
The optimal strategy right now is to trade based on confirmed levels without using excessive leverage.
#bitcoin #CryptoNews #BinanceSquare #BTC
