NewsletterBitcoin Price Prediction: Will BTC Price Revisit $91K This Week?
Highlights
- Crypto trader RektProof predicts that Bitcoin price will revisit $91K if it forms a four-hour demand zone between $84.3K and $83.1K.
- The $83.1K level contains nearly $1M worth of liquidity, which might be tapped before a sustained move to the upside.
- The 365-day MVRV ratio has hit zero, suggesting that investors who purchased BTC in the past year are at breakeven, which could lead to a potential rally.
In a recent Telegram post RektProof, a crypto trader, outlined his plan on Bitcoin price. In which, he explains the price could be forming a key demand zone that could be key in pushing BTC to $91K, a level last seen two weeks ago.
As of Saturday, March 22, 2025, BTC’s value is up 0.22% today and stuck in the $84K to $85K region. Ethereum (ETH) is up 1.14% and is close to revisiting the $2,000 psychological level.
Bitcoin Price Will Reach $91K if This Happens, Says Crypto Trader RektProof
Rektproof, one of the most renowned crypto traders, posted his analysis on Bitcoin price. The recent telegram post shows BTC price hovering inside the $84K to $81.1K daily demand zone. Inside this daily demand, RektProof outlines a potential four-hour demand zone, stretching from $84.3K to $83.1K which could be the support zone that propels the crypto market higher.
If the crypto trader’s outlook comes true, i.e., if Bitcoin price creates the four-hour demand zone, it could bounce 3.74% to the most recent swing high at $87,500, formed on March 19. Beyond this first target, the price could extend to $91,279, which is the key high-volume node formed in early March.
In one of his early posts, crypto trader RektProof also notes $95K as the next key resistance level to watch, should the bullish momentum continue.
Will Bitcoin Bounce Here?
According to data from CoinGlass, there is a possibility of a potential dip before Bitcoin price can move higher. The $83.1K level contains nearly $1M worth of liquidity, which might be tapped before a sustained move to the upside.
A high dense liquidity pool exists around $84K to $85K, which coincides with the levels noted by crypto trader RektProof. Other liquidity levels include $86.8K, $88K and $90K.
Long-term BTC Holders at Breakeven
The 365-day MVRV ratio (Market Value to Realized Value) has hit zero level, suggesting that investors who purchased BTC in the past year are at breakeven. The last time this metric tagged this level was in August 2024, which was followed by more than 50% rally in Bitcoin price in the next five months.
If history repeats, Bitcoin price prediction is on the verge of a bullish breakout.
RektProof’s analysis suggests that Bitcoin price could revisit $91K if it forms a four-hour demand zone, with potential targets at $87,500, $91,279, and $95K, supported by the 365-day MVRV ratio hitting zero
Frequently Asked Questions (FAQs)
1. What is RektProof's prediction for Bitcoin price, and what is the key demand zone that could propel the price higher?
2. What are the potential targets for Bitcoin price if RektProof's outlook comes to pass?
3. What does the 365-day MVRV ratio indicate, and how might it impact Bitcoin price?
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