Bitcoin’s drop below the MVRV Mean band signals a potential plunge to $75,700. Whales are buying, hinting at a 40% price rebound by year-end. The support level break could lead to further decline. The teal band at $75,700 is now the next downside target. A breakdown could push Bitcoin to $52,800.

Read more at Cointelegraph: Bitcoin Signals Decline Toward $75K After Breaking 2023-Era Support