Bitcoin is facing pressure, as indicated by the MVRV data, which signals that the coin is currently forming a death cross.
The world’s largest cryptocurrency, Bitcoin BTC $105 212 24h volatility: 0.1% Market cap: $2.09 T Vol. 24h: $15.42 B , is again under selling pressure as a critical on-chain indicator shows a bearish signal.
CryptoQuant data shows that the Market Value to Realized Value (MVRV) ratio has formed a death cross. This technical pattern often means BTC could see a downside trend.
With the coin finding it difficult to maintain key support levels, investors and traders are now on edge, wondering if a possible price correction is imminent.
MVRV Death Cross Raises Red Flags for Bitcoin
Market data shows that Bitcoin’s current price fluctuations have coincided with a bearish signal from the MVRV ratio. Notably, this metric compares BTC’s market capitalization to its realized value.
This provides the market with data to determine whether Bitcoin is overvalued or undervalued. A death cross emerges when the short-term MVRV moving average crosses below the long-term average. In other words, this signals a possible shift to lower prices.
MVRV Dead Cross Signals Mounting Downside Risk
“In early March, the 30DMA crossed below the 365DMA — a bearish dead cross — signaling weakening short-term momentum and growing downward pressure…
With the MVRV now converging toward its long-term historical average, it appears… pic.twitter.com/8rWEgpviNJ
— CryptoQuant.com (@cryptoquant_com) March 31, 2025
It is worth mentioning that earlier this month, Bitcoin’s 30-day MVRV moving average dropped below the 365-day average, triggering this bearish signal. Similar patterns have brought about price corrections, as seen in past cycles when Bitcoin reached local peaks before pulling back drastically.
Analysts point to this as a warning that Bitcoin may still fall harder in the coming weeks. In a recent post, CryptoQuant analyst Yonsei_dent noted that while Bitcoin MVRV has exited the overheated zone, there is no clear signal of a bottom yet. This leaves room for more volatility as traders weigh whether Bitcoin can stabilize or if further declines are coming.
According to market data, Bitcoin struggles to hold above the $82,000 level after a weeklong drop from $87,000. Unfortunately, selling pressure has mounted, stemming from macroeconomic uncertainty and reduced risk appetite.
If BTC bulls fail to defend this $82,000 support, Bitcoin could drop below $80,000, placing it in deeper correction territory. Meanwhile, veteran trader Peter Brandt recently stated that a decline to $70,000 for BTC is a reasonable expectation if the current bearish outlook persists.
Key Support and Resistance Levels to Watch
With Bitcoin under pressure, stakeholders are closely monitoring the trends for key levels. Many experts see the $82,000 support as a critical zone in the short term. However, failure to hold this position could lead to a terrible and drastic price reduction.
Current consensus reveals that the next major demand zone is below $80,000, where buyers may step in to absorb selling pressure. On a positive note, Bitcoin must reclaim $85,000 and flip it into support for any meaningful recovery.
Source: TradingView
Still, the 200-day moving average and exponential moving average in the $85,000–$87,000 range have acted as resistance, making this area crucial to watch. If Bitcoin regains its bullish pace above these levels, it may attempt another push toward $90,000.
Recently pardoned BitMEX co-founder Arthur Hayes even predicted it could reach $110,000. As of press time, CoinMarketCap data shows Bitcoin trading at $82,003.08, down 1.21% in the last 24 hours.
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