Ali Martinez: Bitcoin May Fall Toward $43,647 MVRV Band Before Next Bull Cycle
Bitcoin held above $70,000 for the first time in nearly two months over the past week, but market nerves rose on Friday, March 20 amid expectations of possible US Federal Reserve rate hikes. An on-chain view argues BTC could still slide below $50,000, with analyst Ali Martinez pointing to an MVRV-based downside target around $43,000. At the time of writing, BTC traded near $70,477, up 0.6% in 24 hours.
