According to CoinMeta, reports from Coinpaper indicate that the short-term squeeze in August reset Bitcoin's momentum, bringing $85,000 back into focus. On August 29th, Bitcoin's trading price approached $77,700, and after a sharp correction, BTC is testing the important area above $73,880. The latest charts show that if this support level can be maintained, it will help Bitcoin recover towards $100,000; however, a deeper fall would expose the demand range between $73,000 and $74,650. Bitcoin is still above the $73,880 level, which is above the -0.5 MVRV pricing band, and this level has been emphasized by Ali Charts as an important threshold for the next directional move. The chart places the MVRV average around $100,052, making the $100,000 area the next major upward reference point. If BTC can remain stable above the current support level, $100,000 will become an even more important medium-term target.