CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
CoinGape 2025-03-22 05:26:21

Crypto Trader Provides Detailed Plan on How Bitcoin Price Will Revisit $91K

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. BTC/USDT 4-hour chart 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. BTC Liquidity Heatmap 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. BTC 365-day MVRV 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 The post Crypto Trader Provides Detailed Plan on How Bitcoin Price Will Revisit $91K appeared first on CoinGape .

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.