On February 9, MVRV bands flagged Bitcoin near cycle lows; −1.0 level around $52,040

On February 9, analyst Ali Martinez highlighted that the Bitcoin price is approaching the −1.0 MVRV Pricing Band, a zone that has aligned with cycle lows in past downturns. The −1.0 line is around $52,040, while Bitcoin traded near $69,279 after a 2.6% daily drop and a 12% weekly decline. Previous cycles in 2015, 2018, and 2022 reached similar areas before multi‑month rebounds.