Crypto analyst Ali Martinez says Bitcoin (BTC) could rally to $94,849 if BTC holds a critical support level at $72,962, according to Glassnode MVRV data.
Notably, the $94,849 BTC price target coincides with the all-time historical average MVRV Ratio (Market Value / Realized Value), while the support level around $72,962 aligns with the 0.5 standard deviation below the mean.
BTC MVRV pricing bands. Source: Glassnode
However, if Bitcoin price fails to rebound from the support level around $72,962 in the near future, Martinez argued that a drop toward the realized price around $54,270 could be inevitable. The analyst cautioned traders that a breach of the support level around $72,962 could confirm a further free fall for BTC, potentially hitting a new lower low before a possible rebound towards new highs later in 2026.
Key factors that could determine Bitcoin price outlook
With Bitcoin’s price hovering at a crucial crossroads, as indicated by the MVRV ratio, its near-term o
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