Bitcoin Price Consolidation: Is $100K in Sight?

The Bitcoin price has been consolidating after its recent breakout, but a closer look at the market structure reveals an interesting trend.

Larger holders are accumulating while smaller wallets are distributing into strength. The price climbed from $62,229 on August 1 to $81,500 before retreating toward $77,570. Now, the $73,880 MVRV pricing band has emerged as a key level for bulls.

Analysts believe that if Bitcoin holds this support and reclaims the $81,000-$84,000 resistance zone, the next major upside target could be $100,000.