Bitcoin $BTC broke below the $113,340 level, and MVRV Pricing Bands indicate the next major support is at $91,840; traders should watch for a bounce or failure at this zone to gauge short-term direction and potential mid‑cycle continuation.
$113,340 flipped to resistance, signaling increased profit-taking and downward pressure.
$91,840 is identified as the next major support by MVRV bands and historical buyer activity.
Market cooling after parabolic climbs suggests consolidation within MVRV bands; monitor $73,384 as the mean if support fails.
Bitcoin $BTC drops below $113,340; MVRV Pricing Bands point to $91,840 support — read levels to watch and short-term trade guidance.
What caused Bitcoin $BTC to break below $113,340?
Bitcoin $BTC fell under $113,340 after profit-taking near upper MVRV extremes pushed selling pressure higher. Short-term seller activity and rotation into lower risk zones triggered the flip, shifting focus to mid-cycle support areas for price stabilization.
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MVRV Pricing Bands combine realized value with market value to highlight extremes. The +1.0σ zone around $113,340 marked an upper extreme where investors historically realize gains. The +0.5σ band near $91,840 is a mid-cycle support that often attracts renewed buying, according to historical MVRV patterns and on-chain valuation studies.
Analyst notes: Ali observed $113,340 acting as resistance after the breach. Cas Abbé reported the loss of the $112K floor, reinforcing the importance of the $91,840 zone. These are plain-text references to analyst commentary and do not include external links.
With $113,340 broken, Bitcoin $BTC now looks to $91,840 as the next major support, according to the Pricing Bands. pic.twitter.com/UpOK63yuii
— Ali (@ali_charts) August 30, 2025
If Bitcoin holds $91,840 and posts a higher low with volume confirmation, the mid-cycle uptrend is likely to remain intact. If $91,840 fails on sustained selling, expect a retracement toward the MVRV mean near $73,384 as the next structural target.
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Source: https://en.coinotag.com/bitcoin-could-target-91840-support-after-113340-break-mvrv-bands-suggest/