FameEX Hot Topics | Bitcoin Charts Show $75K Bottom

Despite Bitcoin’s short-term bearish signals, whales are aggressively accumulating. Onchain data reveals large holders have scooped up BTC throughout the past month, betting on an eventual rebound. Wall Street remains bullish long-term, with several analysts forecasting new all-time highs before 2025 ends. Bitwise CIO Matt Hougan called the current dip “a great buying opportunity for long-term investors,” underscoring growing confidence that the worst of the correction may soon be over.

Bitcoin has broken a critical long-term support for the first time since late 2022—the MVRV Extreme Deviation Mean band, widely regarded as the asset’s “fair value” line. Since 2023, trading above this band signaled a healthy market; falling below it historically preceded prolonged weakness. Last week’s breach mirrors patterns seen in prior cycles, raising concerns that BTC could be entering a deeper corrective phase after erasing all 2025 gains from its $126,300 peak.

Technical analysis now points to the –0.5σ band near $75,700—roughly 18% below current levels—as the next major downside target. In past cycles, losing the Mean band typically led prices toward this lower boundary. A failure to hold $75,700 could trigger accelerated selling toward the -1σ band around $52,800, a level last seen during the 2022 bear market and consistent with drawdowns in 2018 and 2021.

The 30% retreat from all-time highs has pushed spot Bitcoin ETF investors into losses for the first time this cycle, amplifying short-term fear. Yet the combination of relentless whale buying and analysts maintaining six-figure year-end targets highlights a stark divide: while charts warn of potential further pain to $75,000 or lower, large players and institutions appear convinced the long-term bull market remains intact. 

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.