Bitcoin’s MVRV bands flag $53,900 and $43,130 as key support zones

Bitcoin rebounded above $60,000 after sliding from $73,978 on June 1 to $59,073 on June 5, and was trading at $63,790 at press time. Analysts are focusing on MVRV Pricing Bands, with Ali highlighting a historical floor near $43,200 around the 0.8 band, while Geoffrey Kendrick said the cycle bottom may have formed around $59,000.