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Looking back at the technical forecast in mid-December, based on the MVRV indicator, it was estimated that on the eve of January 1, 2026, BTC's MVRV should fluctuate within the range of 1.45 to 1.63, which translates to approximately $81,700 to $91,800.
Now, it appears that BTC's MVRV is indeed stable around 1.58, and the price is also within the range of $80,000 to $90,000 — which is almost perfectly aligned. This indicates that using on-chain indicators to estimate market sentiment and pricing ranges still has some reference value.
Of course, the market always has variables, but being able to verify ideas with data is more reliable than blind guesses. For traders interested in studying BTC valuation models, indicators like MVRV are definitely worth deep learning.