Bitcoin Profit-Taking: Identifying Key Price Zones for Selling Pressure

Bitcoin’s market price is approaching significant resistance levels as short-term holder (STH) MVRV (Market Value to Realized Value) climbs above 1.09, indicating a surge in unrealized profits among recent investors. This rise suggests potential profit-taking opportunities. Historical data reveals that STH MVRV values around 1.25 and 1.35 have historically triggered sell-offs, with corresponding price zones near $118,000 and $128,000. If current trends continue, we might see STH MVRV reach 1.25 by early June and potentially 1.35 by the end of the month, according to analysis.