NewsBTC
May 2, 2026
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BEARISH 📉 : MVRV bands signal Bitcoin could retest $43K support

MVRV bands mark $54,145–$43,316 support for Bitcoin if a sell-off resumes.

Bitcoin bounced at the start of May. But on-chain MVRV bands point to unfinished downside risk, with a potential local floor only in the $54k–$43k zone, per analyst Ali Martinez’s model on X and prior coverage by NewsBTC.

Martinez says BTC bottoms have historically formed between the 1.0 and 0.8 MVRV bands since 2010 source.

  • 1.0 MVRV band at $54,145 source
  • 0.8 MVRV band at $43,316 source

Bitcoin MVRV pricing bands

Cycles that skip these accumulation zones tend to face deeper pullbacks before a long-term base forms source.

BTC’s current structure resembles 2022. Martinez expects the market could allow one more push higher, then a final leg down, with MVRV bands acting as support on the drop source.