bullish

Bitcoin

<ul>
 <li>Short-Term Holder MVRV is approaching 1 after exceeding 1.18 in September, indicating that recent buyers are nearing their average purchase price.</li>
 <li>Bitcoin recovered to approximately $77,961 on November 1 after defending the 76,000–77,000 support zone.</li>
 <li>RSI and MACD show improving short-term momentum, but resistance at $78,000, $80,000 and $82,000 remains ahead of stronger bullish confirmation.</li>
</ul>
<p>Bitcoin is testing short-term investor conviction near $76,000 as recent selling reduces profits among holders who bought during its rally. Analyst Darkfost <a href="https://x.com/Darkfost_Coc/status/2116489229865717801?a=2WxlsPYQHKG48BB1VPg&amp;s=20" rel="noopener noreferrer nofollow">reported</a> that the Short-Term Holder MVRV is approaching 1, following a September peak above 1.18. Meanwhile, Bitcoin traded near $77,961 on November 1, showing early recovery signs.</p>
<h2 class="wp-block-heading" id="strong-sth-mvrv-approaches-neutral-as-profits-shrink-strong"><strong>STH MVRV Approaches Neutral as Profits Shrink</strong></h2>
<p>Darkfost said short-term holders recorded their highest profits in over a year as <a href="https://cryptofrontnews.com/bitcoin-tests-76k-as-crypto-fear-hits-lowest-since-august/" rel="noopener noreferrer nofollow">Bitcoin</a> advanced. Their average cost basis has climbed from approximately $67,500 in mid-August to around $76,000.</p>
<p>The STH MVRV compares Bitcoin's market value with the realized value of recently acquired coins. Readings above 1 indicate profits, while values below 1 indicate losses. Notably, the indicator exceeded 1.18 in late September, reaching its highest level since July 2025.</p>
<p>However, its latest movement toward 1 shows that short-term holders are approaching their average purchase price. Darkfost said this level could trigger additional buying or further selling, depending on investor conviction.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-recovers-toward-78k-after-recent-decline-strong"><strong>Bitcoin Recovers Toward $78K After Recent Decline</strong></h2>
<p>The four-hour Binance chart shows Bitcoin falling from approximately $86,000 in early October. Selling intensified around October 30, pushing <a href="https://cryptofrontnews.com/bitcoin-long-term-holders-sell-as-btc-tests-80k-support/" rel="noopener noreferrer nofollow">BTC</a> below $80,000 and briefly toward $76,000. However, buyers have since defended the 76,000–77,000 region.&nbsp;</p>
<figure class="wp-block-image size-large"><img src="https://cryptofrontnews.com/wp-content/uploads/2026/11/BTCUSD_2026-11-01_10-52-22-1-1024x724.png" alt="Bitcoin Tests $76K as Short-Term Holder Profits Decline">
 <figcaption>
  Source: TradingView
 </figcaption>
</figure>
<p>Bitcoin reached $77,961.14 on November 1, gaining $149.18, or 0.19%, on the latest candle. The RSI climbed to 44.03, moving above its average of 37.00. Nevertheless, it remains below 50, leaving stronger bullish confirmation outstanding.</p>
<h2 class="wp-block-heading" id="strong-macd-shows-early-recovery-signals-strong"><strong>MACD Shows Early Recovery Signals</strong></h2>
<p>The MACD line reached -685.41, above the signal line at -768.79. Meanwhile, its histogram turned positive at 83.38, indicating improving <a href="https://cryptofrontnews.com/bitcoin-risks-73k-as-short-term-holders-sell-at-loss/" rel="noopener noreferrer nofollow">short-term momentum</a>. However, both lines remain below zero.</p>
<p>Bitcoin faces initial resistance around $78,000, followed by $80,000 and $82,000. A decline below $76,000 could expose $74,000. Darkfost said it remains unclear whether short-term holders will buy more or capitulate.</p>

Bitcoin Tests $76K as Short-Term Holder Profits Decline

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