Bitcoin (BTC) is trading around $78,000, as prices continue to fall following another rejection at the $82,000 barrier on Friday. Despite the encouraging rally over the five weeks of Q2 2026, several analysts predict Bitcoin is now in the initial stages of another prolonged price correction, likely heading to an “actual” price bottom. According to market analyst Crypto Chan on X, historical MVRV data reinforces this outlook, indicating that BTC could be positioning for a final leg down before establishing a more sustainable price floor.
Bitcoin MVRV Mirrors 2018 Bear Market18年熊市最后一跌前，比特币 MVRV 最低跌至 1.15，之后最高反弹 1.63
Similar to that time, the Bitcoin MVRV metric had dropped to 1.14 when prices reached the current cycle bottom of $60,000. Since then, the premier cryptocurrency has registered steady gains, rising to its recent peak of $82,000, while the MVRV ratio has rebounded to 1.51. Based on historical data, this on-chain pattern could signal another sustained price decline for Bitcoin.
How Low Could BTC Go?
