Crypto analyst Ali Martinez says Bitcoin ( BTC ) could rally to $94,849 if BTC holds a critical support level at $72,962, according to Glassnode MVRV data. Notably, the $94,849 BTC price target coincides with the all-time historical average MVRV Ratio (Market Value / Realized Value), while the support level around $72,962 aligns with the 0.5 standard deviation below the mean. BTC MVRV pricing bands. Source: Glassnode However, if Bitcoin price fails to rebound from the support level around $72,962 in the near future, Martinez argued that a drop toward the realized price around $54,270 could be inevitable. The analyst cautioned traders that a breach of the support level around $72,962 could confirm a further free fall for BTC, potentially hitting a new lower low before a possible rebound towards new highs later in 2026. Key factors that could determine Bitcoin price outlook With Bitcoin’s price hovering at a crucial crossroads, as indicated by the MVRV ratio, its near-term outlook could hinge on potential fundamental catalysts. For instance, the flagship coin has closely mirrored the performance of United States spot BTC exchange-traded funds (ETFs), especially BlackRock’s iShares Bitcoin Trust ( IBIT ), as Finbold noted . As such, if the institutional spot demand for BTC wanes, amid heightened short bets in the leveraged market, further capitulation towards $54,270 could be imminent. However, if the institutional demand for Bitcoin, especially in the United States, gets renewed, potentially catalyzed by the anticipated passage of the Clarity Act – a proposed federal regulation aimed at legalizing crypto assets – a rally beyond $82,000 could be bolstered. BTC inflow to all exchanges. Source: CryptoQuant Already, the total Bitcoin inflows to all crypto exchanges have surged by more than 72,000 BTC over the past two days, according to metrics from CryptoQuant . Historically, an increase in exchange inflow has been a signal of bearish sentiment and vice versa. ​ The post Trading expert issues Bitcoin price targets appeared first on Finbold .