Qubic All-Hands Recap April 16, 2026: QBridge Live, Dogecoin Mining Phase 2 Underway Qubic
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The Bitcoin price displayed a staggering show of bearish pressure over the week. As the premier cryptocurrency lost its footing around the $84,000 support level, it entered a slippery slide, reaching approximately $60,000. Currently, the market is in recovery mode, with its price rising again to $70,000. Interestingly, a recent on-chain evaluation has emerged, lending more credence to expectations of a price rebound.
MVRV Data Reveals Bitcoin Market Is Under ‘Severe Stress’
In a QuickTake post on CryptoQuant, popular market analyst Darkfost postulates that the recent Bitcoin price action has given an apparently strong buy signal. This is based on data from the Bitcoin: MVRV Percentile – Current Cycle (0-100%) indicator. For context, this metric shows where Bitcoin’s current MVRV ratio ranks in the ongoing cycle, relative to all past values. This serves as a means to identify whether the market is historically undervalued or overheated.
According to Darkfost, the MVRV sits within the 0 to 10 % percentile. This is a notably low level for the present Bitcoin cycle, seeing as the MVRV has held higher levels than the current value for more than 90% of this cycle’s period.
Practically, readings around this level indicate that the majority of Bitcoin holders are doing so with minimal unrealized profits, or even outright losses, compared to their cost bases. This is often a telltale sign that the Bitcoin market has experienced a period of extreme stress, accompanied by multiple liquidations and investor exhaustion. However, this period is only part of a broader cyclical trend. Darkfost explains that the Bitcoin market (like other big assets) tends to enter overheated phases, followed by corrections, and then overstressed phases, which have often preceded bullish recoveries.
Notably, transitions out of the 0–10% MVRV range have often been followed by price stabilization and eventual upwards movement. On the other hand, the 90% zone often represents overheated market conditions, which precedes heavy profit-taking activity and subsequent correction. Although MVRV data alone does not singularly confirm that the Bitcoin price would achieve a full-scale recovery, it indicates strong potential for a positive momentum boost to reclaim key valuation levels.
Bitcoin Price Overview
As of press time, Bitcoin trades for approximately $67,855. According to CoinMarketCap data, the world’s leading cryptocurrency has recovered by more than 4.00% over the past 24 hours. Meanwhile, the daily trading volume is down by 38.16% and valued at $88.37 billion.
]]>Dogecoin Sees a Small Price Increase—Is a Recovery Underway? Pintu
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Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $135 zone.
- SOL price started a decent recovery wave above $125 and $128 against the US Dollar.
- The price is now trading above $130 and the 100-hourly simple moving average.
- There is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken).
- The price could continue to move up if it clears $135 and $140.
Solana Price Aims Recovery
Solana price remained stable and started a decent recovery wave above $125, like Bitcoin and Ethereum. SOL was able to climb above the $130 level.
There was a move toward the 50% Fib retracement level of the downward move from the $145 swing high to the $121 low. Besides, there is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair.
Solana is now trading above $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $135 level or the 61.8% Fib retracement level of the downward move from the $145 swing high to the $121 low.
The next major resistance is near the $140 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level.
Another Drop In SOL?
If SOL fails to rise above the $135 resistance, it could continue to move down. Initial support on the downside is near the $130 zone. The first major support is near the $127 level.
A break below the $127 level might send the price toward the $124 support zone. If there is a close below the $124 support, the price could decline toward the $120 zone in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $130 and $124.
Major Resistance Levels – $135 and $140.
]]>BNB’s price is showing signs of a rebound but remains trapped within a head and shoulders pattern. This setup could decide whether the token continues higher or faces another pullback in the coming sessions.
Head and Shoulders Pattern Signals Possible Downside Move
Crypto analyst Batman highlighted in a recent update on X that BNB is currently forming a Head and Shoulders (H&S) pattern on the lower timeframe chart. This classic top formation is a significant bearish signal, strongly indicating that the immediate upward momentum is failing and a structural reversal may be imminent as sellers gain control of the asset.
Supporting this bearish outlook, Batman identifies an unfilled Fair Value Gap (FVG) situated just below the current price action. In market mechanics, an FVG acts like a “price magnet,” representing an inefficiency that the market is highly likely to return to and fill. This powerful confluence of the H&S pattern and the unfilled FVG makes a deeper move lower in the very near future extremely probable.
Crucially, Batman views this predicted move down not as a market failure, but rather as a necessary retracement that finalizes the setup for a high-value entry. If the market delivers this anticipated pullback, it will create a perfect confluence for a long position, turning the immediate bearish scenario into a strategic opportunity.
This expected retracement is structurally significant because the target lines up perfectly with two critical support metrics: a key Fibonacci level and a major Order Block (OB) zone, which proves solid for initiating a long position.
BNB Finds Relief After Prolonged Downtrend
In a more recent post, BitGuru shared an insightful analysis of BNB’s ongoing market behavior, highlighting a significant shift in its price structure. According to Bitguru, the cryptocurrency has likely formed a major low around the $864 level after enduring a strong downtrend followed by an extended consolidation period. This region appears to have acted as a crucial accumulation zone where selling pressure weakened and buyers started to show renewed confidence.
BitGuru observed that BNB is currently showing stability near the $950 level, suggesting that the market may be entering a phase of gradual recovery and that buyers are slowly regaining control. This stabilization is often an early signal that sentiment is turning bullish, especially as volume begins to build in favor of the buyers.
Looking ahead, BitGuru believes that if the $950 support holds, there’s room for a potential rebound toward the $1,050–$1,100 range. A sustained move in this direction would likely confirm growing market strength and could even mark the beginning of a medium-term uptrend.
]]>The Bitcoin market has suffered through a disappointing performance over the past few weeks, leading to a price retest of the $100,000 support zone. However, an exciting on-chain evaluation predicts a positive price action in the near future.
Bitcoin Price Below Average Cost — Details
On November 8, popular market analyst Burak Kesmeci shared on X the underlying reasons behind his expectations of a bullish reversal. Kesmeci’s post mostly depends on the Bitcoin: 90-Day Market Price vs Realized Price Gradient Oscillator. Essentially, this indicator functions as a means of tracking the distance of Bitcoin’s market price deviation from its realized price over the past 90 days.
A positive reading from the metric indicates a faster rising market price of Bitcoin, compared to its average cost basis (realized price), thereby showing growing bullish momentum. A negative reading, on the other hand, connotes a significant decline of market price beneath realized price, a sign of bearish momentum, which could extend into a ‘cooling’ phase.
In the post on X, Kesmeci reveals that the metric’s reading has fallen to a value of -1.27 STDV (Standard Deviations). As previously explained, this indicates that the Bitcoin price has greatly fallen beneath its historical cost basis, a development that could point out that the flagship cryptocurrency’s price momentum has reached a state of ‘extreme cooldown.’
Expressed more simply, Bitcoin investors are paying much less than the amount its recent buyers did on average to acquire Bitcoin. If more investors were to purchase Bitcoin around its current price, there could be a total or significant absorption of what already appears to be exhausted bearish pressure.
Notably, Kemesci also referenced past occurrences to buttress his prediction of an imminent price rebound. According to the analyst, periods where this metric fell below -1 STDV have often preceded the ends of downtrends and the beginnings of price expansions. We see this occurrence twice in recent months: first, in April, where Bitcoin saw a rise from about $82,000 to $100,000; and second, where the price saw a growth from $108,000 in July to reach $124,000. Thus, if historical data is reliable, the Bitcoin price could soon put in a new price bottom, after which significant movement to the upside would likely follow.
Bitcoin Price Overview
As of this writing, Bitcoin stands at a valuation of approximately $102,023, reflecting a slight loss of about 0.94% since the last day.
]]>Cycle Rotation Underway: Traders Are Pivoting From Cardano (ADA) to These Fast-Growing Cryptos CoinCentral
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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.
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Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears the $112,500 resistance level.
- Bitcoin started a recovery wave above the $111,200 zone.
- The price is trading above $111,200 and the 100 hourly Simple moving average.
- There is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might start another decline if it stays below the $112,500 zone.
Bitcoin Price Extends Recovery
Bitcoin price started a fresh recovery wave above the $109,500 zone. BTC was able to climb above the $110,000 and $110,500 resistance levels.
The price cleared the 61.8% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The upward move was such that the price even surpassed the $112,000 resistance zone. Besides, there is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair.
Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average. Moreover, the price is now consolidating near the 76.4% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. Immediate resistance on the upside is near the $112,500 level.
The first key resistance is near the $112,800 level. The next resistance could be $113,450. A close above the $113,450 resistance might send the price further higher. In the stated case, the price could rise and test the $114,500 resistance level. Any more gains might send the price toward the $115,000 level. The main target could be $115,500.
Another Pullback In BTC?
If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support is near the $111,500 level. The first major support is near the $110,500 level.
The next support is now near the $110,000 zone. Any more losses might send the price toward the $109,250 support in the near term. The main support sits at $108,500, below which BTC might decline sharply.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $111,500, followed by $110,000.
Major Resistance Levels – $112,500 and $113,450.