Bitcoin Could Crash Significantly If It Fails to Hold Critical Support

A well-known crypto analyst has raised concerns about Bitcoin’s stability, warning that a major drop could be on the horizon if the asset fails to maintain a crucial support level.

According to Ali Martinez, Bitcoin could see a sharp decline to $74,400—its lowest level since November—if it slips below $92,180.

$92,180 is now one of the most critical support levels for #Bitcoin $BTC , based on the MVRV Pricing Bands. If this level breaks, $74,400 becomes the next target. pic.twitter.com/uE4qTOlO1v

— Ali (@ali_charts) February 3, 2025

He bases this prediction on Bitcoin’s Market Value to Realized Value (MVRV) bands, which help identify important price thresholds.

MVRV is a key metric that compares Bitcoin’s market capitalization to the total value of coins based on their purchase prices.

When this ratio turns negative, it suggests that most investors are holding at a loss, often signaling an oversold market.

Martinez highlights that Bitcoin has been in a downtrend since the start of the year, as reflected in its MVRV momentum indicator.

This ongoing weakness, he warns, could lead to further price struggles if key support levels fail to hold.