📊 BTC Market Insight — Key Levels in Focus

Crypto analyst Murphy highlights that $BTC’s support at the crucial $112,000 level is holding strong. According to the MVRV extreme deviation range, Bitcoin’s price movement since April has repeatedly oscillated between the orange lower band and the yellow upper band, with the lower boundary now aligned at $112,000. As long as this threshold remains intact, the prevailing trend is expected to continue, with potential rebound targets toward the upper band near $124,000.
On-chain URPD data adds further perspective — as of today, 351,000 BTC have exchanged hands in the $112,000–$114,000 range, marking an increase of 80,000 BTC since August 3. The $117,000–$118,000 zone stands out as the key resistance barrier. Until this range is convincingly broken, a pullback toward $112,000 remains on the table.
The optimal scenario? Price consolidating between $112,000 and $117,000, allowing market sentiment to reset, weak hands to exit, and momentum to build for the next breakout.
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