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A popular crypto analyst says Bitcoin still has a path to reclaim $95,000, provided it can maintain a close above $73,726 despite short-term price dips. After a recent rally across the crypto market, volatility has interrupted momentum and pulled Bitcoin back from major recovery expectations.
Bitcoin is currently back around the $70,000 level, but traders remain optimistic about a potential move toward the $100,000 area. Analyst Ali Martinez pointed to on-chain data suggesting Bitcoin could be positioned for a larger price rally if it breaks a key resistance level.
On Saturday, March 14, Martinez shared data indicating Bitcoin may be preparing for a major rally if it clears a specific on-chain resistance level. The resistance was identified using a MVRV (Market Value to Realized Value) pricing model chart from Glassnode.
According to the MVRV Pricing Bands, Bitcoin is trading close to an important level around $73,726. Martinez’s data suggests that clearing this threshold could be a trigger for a larger upside move.
Per the MVRV Pricing Bands, breaking above $73,726 could open the door for Bitcoin to surge to $95,894.
Martinez also highlighted that if Bitcoin fails to reclaim $73,726, it may continue consolidating within the lower MVRV bands until stronger demand returns.
The MVRV pricing model is commonly used by analysts to assess whether Bitcoin is overvalued or undervalued relative to historical trends. In this case, the signal implies that reclaiming the $73,726 level could keep Bitcoin on track for a larger price move.
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