The MVRV ratio for Bitcoin has dropped to a more stable level, indicating a cooling-off period and potential market correction. Retail traders who entered the market at the end of November may be incurring small losses, which could help stabilize the market cap. Bitcoin's price chart suggests it may consolidate in the near future, with key resistance levels at $98,000 and $100,000. On the support side, $91,000 is a critical zone, followed by the 50-day moving average at $81,500. The market's next move depends on whether Bitcoin can overcome $98,000 or drop below $91,000. While a period of sideways movement or slight pullbacks is expected, a breach of $100,000 could spark fresh bullish momentum. Traders should closely monitor movements around $91,000 and $98,000 to predict the next trend, exercising caution in the short term while maintaining a positive long-term outlook.



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