In a recent Telegram post, RektProof, a crypto trader of some renown, laid out his grand vision for the future of Bitcoin. With the solemnity of a man predicting the weather in a Russian winter, he declared that the price of Bitcoin could be forming a key demand zone, a mystical region that might propel BTC to the lofty heights of $91K—a level last seen two weeks ago, when the world was younger and perhaps a bit more naive.
As of Saturday, March 22, 2025, BTC’s value has risen by a modest 0.22%, languishing in the $84K to $85K range like a bored aristocrat. Ethereum (ETH), on the other hand, has climbed 1.14%, flirting with the $2,000 psychological level as if it were a shy suitor at a ball.
RektProof, whose name suggests either a deep understanding of market corrections or a penchant for self-deprecating humor, posted his analysis on Bitcoin’s price. His recent Telegram post reveals BTC’s price hovering within the $84K to $81.1K daily demand zone. Within this zone, he identifies a potential four-hour demand zone, stretching from $84.3K to $83.1K, which he believes could serve as the support zone that propels the crypto market higher, much like a well-timed push on a swing.
If the crypto trader’s prophecy holds true—that is, if Bitcoin’s price creates the four-hour demand zone—it could bounce 3.74% to the most recent swing high at $87,500, a level achieved on March 19. Beyond this initial target, the price could extend to $91,279, the key high-volume node formed in early March, a number so specific it must have been divined by the gods of finance themselves.
In one of his earlier posts, RektProof also noted $95K as the next key resistance level to watch, should the bullish momentum continue, as if the market were a bull charging through a china shop.
According to data from CoinGlass, there is a possibility of a potential dip before Bitcoin’s 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, much like a thirsty traveler stopping at a well before continuing their journey.
A high-density liquidity pool exists around $84K to $85K, coinciding with the levels noted by RektProof. Other liquidity levels include $86.8K, $88K, and $90K, as if the market were a series of stepping stones across a river.
The 365-day MVRV ratio (Market Value to Realized Value) has hit the 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 a more than 50% rally in Bitcoin’s price over the next five months, a period of growth so impressive it could make a beanstalk jealous.
If history repeats itself, Bitcoin’s price prediction is on the verge of a bullish breakout, as if the market were a coiled spring ready to leap.
RektProof’s analysis suggests that Bitcoin’s 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. It’s a bold prediction, but then again, so was the idea that a digital currency could one day be worth more than a small country’s GDP. 🚀
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2025-03-22 08:37