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Bitcoin May Rebound Weakly to $59K–$70K, MVRV Curve Suggests Drop Below $50K Unlikely

Price Prediction Market Analysis

2026-06-28 09:13:27

BTC-0.28%

According to BlockBeats, analyst Murphy used the "post-halving MVRV overlap curve" framework on June 28 to analyze Bitcoin's current trajectory. The BTC price channel corresponds to an MVRV ratio of approximately 1.12 to 1.30, translating to a price range of $59,000 to $70,000. Murphy assessed that BTC is likely near the lower band of the channel at around $59,000 and expects weak rebound or consolidation through July 23, with only a low probability of dropping below $50,000. Any rebound is unlikely to exceed $69,000–$70,000, corresponding to MVRV 1.30.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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