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Bitcoin Tests Key Support at $94.5K as Mid-Term Holders Turn Negative

Bitcoin Tests Key Support at $94.5K as Mid-Term Holders Turn Negative

Cryptonewsland2025/05/07 01:44
By: by Francis E
BTC+0.62%TSTBSC0.00%TEST0.00%
  • The market assessment shows Bitcoin nears its Warm Supply Realized Price at $94,550 while many traders consider this zone as potential support.
  • A substantial number of mid-term Bitcoin holders find themselves in negative territory according to the current Warm Supply MVRV reading.
  • Current BTC market volatility is constrained between $93,726 and $97,211 which implies that future price movements will help determine short-term market trajectory.

Bitcoin is examining its support boundary at the Realized Price of its Warm Supply established at $94,550. Media attention increases as Bitcoin faces a test at the Realized Price of its Warm Supply level which holds significance for evaluating long-term investor sentiment. Bitcoin traded at $96,808.98 during April 30, 2025 following the Warm Supply Realized Price level but came short of it by showing minor bearish tendencies.

Negative MVRV Signals Mid-Term BTC Holders Now Underwater

The Realized Price of the Warm Supply tracks the average transaction rate from the Bitcoin supply owned by mid-term holders which reached its final price point. Historically high levels of the Realized Price correspond with positive strength from mid-term holders who tend to sustain their price belief. 

#Bitcoin $BTC is testing its Realized Warm Supply at $94,550, holding above it could signal mid-term holder support. pic.twitter.com/Q4zLRbQDXb

— Ali (@ali_charts) May 1, 2025

The current price movements create doubt due to the negative -0.00267757 reading of the Warm Supply MVRV (Market Value to Realized Value). When the profitability measurement for holders with mid-term assets becomes negative it indicates many people now hold assets with a lower value than their cost basis.

Support and Resistance Levels In Focus

The trading support for Bitcoin stands at $93,726 just below its Warm Supply Realized Price value. The presence of value-seeking investors will sustain if Bitcoin maintains its trading position above its current support level. 

The initial barrier for price growth stands at $97,211. The market sentiment and short-term direction will be established within this specific price range spanning from $93,700 to $97,200. BTC showed stable pricing movement within its designated price range in the last 24 hours while it increased 3.3% during this period.

BTC Faces $95K Test as MVRV Decline Signals Cooling Momentum

The downward trend of MVRV for the Warm Supply demonstrates more widespread market deceleration which followed significant price growth during months past. An examination of the attached chart demonstrates how profitable mid-term holder zones in the green sections have continuously declined since February began. At present every observer watches if Bitcoin can successfully resist its current test while surpassing the $95,000 level.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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