Bitcoin Price Dive: STH MVRV Signals Support Zones as Bitcoin Slides Under 1.0 Line

Bitcoin’s price has experienced a notable decline, falling under the 1.0 mark on the short-term holder realized value (STH MVRV) band. This recent movement prompted analysis of how past price dips have interacted with specific support zones defined by these bands. The charts demonstrate that Bitcoin tends to experience strong recoveries at similar levels within STH MVRV when price plunges below 1.0. Several lower bands now lie between 60K and 90K, each acting as a crucial turning point in the past two years.