Bitcoin (BTC) Price Will Reach $90K if This Happens, Says Crypto Trader RektProof

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 $90K

Crypto trader RektProof spotted a key demand zone that could be pushing BTC price to $91K, a level last seen two weeks ago.

Bitcoin Price Will Reach $91K if This Happens, Says Crypto Trader RektProof

One of the most renowned crypto traders, Rektproof, has shared his thoughts on where Bitcoin price could be heading next.

In a recent telegram post, the trader noted that BTC price is currently hovering inside the $84K to $81.1K daily demand zone.

Annually, BTC price might rise to $200K, predicts crypto trader

However, zooming into the four-hour chart, there is a possibility of another demand zone, stretching from $84.3K to $83.1K which could be the support zone that propels the crypto market higher.

If this comes true, it could help Bitcoin price to 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.