Bitcoin price prepares for ‘70% to 80%’ gain as onchain metrics and spot BTC ETF inflows spike
The price of Bitcoin (BTC) has been in a persistent decrease trend since January, but April 22 exceeded $ 91,000 marks its first high escape of the higher year and the potential start of a new longer -term trend.
The high high scheme occurred after BTC has surpassed above its lower low and the previous resistance at $ 88,500, but the actual factor that will maintain the aftertaste price is to buy volumes in various cohorts on the Bitcoin market.
The FNB Bitcoin of US spots recorded total net entries of $ 381 million on April 21, levels not seen since January 30.
The increase in BTC inputs, as well as the increase in the price of Bitcoin, indicate a possible resurgence of the institutional demand from Bitcoin, and the change in trend of ETFs could compensate for the sales pressure which has put a ceiling on the price of the BTC for months.
However, demand from retail investors (buy volumes between $ 0 and 10,000) has remained less than 0%, suggesting that low -volume buyers are not yet back. During the last year, these investors have lagged behind the swackages of BTC prices, but they strengthen price dynamics once the volume of investors becomes positive.
The director of the cryptocurrency community, Maartunn, stressed that the current rally is focused on rather than based on volume. Glassnod data also stressed that the interests open to term Bitcoin (OO) increased by $ 2.4 billion in less than 36 hours.
In order for the price of Bitcoin to maintain a large position greater than $ 90,000, the current difference between term traders and retail merchants must decrease.
Related: Bitcoin / Gold Risk Ratio 35% Decrease after effuyer of 13 t $ of Wall Street
Bitcoin could earn “70% to 80% here”
From a longer -term perspective, the founder of Dyor Crypto Hitesh Malviya said that BTC could gain from 70% to 80% if he maintains a MVRV report of 2 for the next six weeks.
The market value ratio / value achieved (MVRV), a key onchain metric, compares the Bitcoin market capitalization to its ceiling made – the value of the parts at their last transaction price. Historically, an MVRV greater than 3.7 often indicates the over -making and vertices of the market, while the values close to 2 preceded solid price gatherings.
The Bitcoin MVRV score remained greater than 2 from October 2024 to February 2025, coinciding with its top of all time. Recently, metrics fell below 2 during the market correction, but it is now trying to recover this key level.
Related: Bitcoin traders turn around $ 93,000 per year, because BTC Price reaches 6 weeks high
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
