Bitcoin's $73K Support Zone Pivotal for $100K Recovery
Bitcoin's price has been fluctuating around $77,700 as it tests an important support level of $73,880. According to Ali Charts, this threshold is a key long-term support for Bitcoin, and holding above it could keep the possibility of a recovery towards $100,000 in play.
The MVRV pricing-band structure shows that Bitcoin's price is currently between the -0.5 band at $73,880 and the mean band at $100,052. If Bitcoin can stabilize above current support, the next major upside reference would be the $100,000 area.
A separate chart from Sheldon Diedericks shows a potential support zone between $73,004 and $74,647 if selling pressure continues. However, a decisive break below $73,000 would invalidate the recovery setup and put Bitcoin below Ali Charts' $73,880 MVRV support.