Bitcoin MVRV Hits Key Resistance: What’s Next for Prices?

Bitcoin’s recent rebound to $95,000 has experienced a hiccup, with prices retracting and market speculation swirling. Analyst Burak Kesmeci points out the Bitcoin MVRV is at a critical resistance level that could influence mid-term price trends. Meanwhile, network fees have surged by 42%, showing robust activity, though exchange withdrawals remain lower compared to the previous week. Overall, Bitcoin continues to show gains over both weekly and monthly periods, indicating underlying strength.

Bitcoin has made a significant rebound in the last trading week, reaching the $95,000 mark. However, the positive momentum appears to have faltered as the cryptocurrency faced a minor pullback and is now experiencing price consolidation. Speculation surrounding the sustainability of this uptrend is rampant, with insights from renowned crypto analyst Burak Kesmeci hinting at possible future price moves for Bitcoin.

In a post on social media platform X, Kesmeci highlighted that Bitcoin’s Market Value to Realized Value (MVRV) is currently confronting crucial resistance at the 365-day simple moving average (365SMA). This metric is vital for measuring whether Bitcoin’s current trading price is overvalued or undervalued compared to its realised value. The MVRV is particularly useful for indicating profitability and assessing overall market stages, which is key for traders to identify potential price tops or bottoms.

At the moment, Bitcoin’s MVRV is resting at 2.13, just below the 365SMA, which is at 2.14. A confirmed bullish market would require the MVRV to cross above the 365SMA, hinting at a potential shift towards a long-term uptrend. This comes after a prolonged correction phase witnessed earlier in 2025, making any upward crossover significant for future price trends.

Additionally, recent data from on-chain analytics firm IntoTheBlock shows that Bitcoin network fees have jumped by 42% over the last week, indicating increased activity. Traders incurred $4.03 million in transaction fees, suggesting that the network remains actively engaged. On the other hand, crypto exchanges logged net withdrawals totalling $356 million. While this is a decrease from the previous week’s $1.3 billion, it still indicates that investors are preferring to hold onto their assets.

As it stands, Bitcoin is trading at $94,233 after a small decline of 0.78% within the past day. However, on a broader view, Bitcoin has achieved gains of 11.27% over the past week and 8.59% over the past month, showcasing a generally positive trend despite recent fluctuations in price.