In their latest analysis, CryptoQuant analysts examined the Bitcoin MVRV Z-score metric. According to their findings, the MVRV Z-score still needs to match previous bear market lows to signal a trend reversal in Bitcoin.
Historically, for the MVRV Z-score to signal a bear market bottom, it needs to fall below zero into negative territory.
“This metric is showing a decline, but it hasn’t yet entered the negative/below-value zone.”
Because, at every low point in history, this value has fallen below zero. Right now, the market is just cooling down, it’s not in despair.”
At this point, a CryptoQuant analyst stated that the last time the MVRV Z-score dropped below zero was the bottom of Bitcoin’s last bear market in 2022, adding that for 2026, this date aligns with October and December.
“The target for Bitcoin is the $55,000-$60,000 range. This range aligns with a sub-zero MVRV Z-Score and historical data.”
*This is not investment advice.