Bitcoin’s Epic Bounce: Get Ready for a 70% to 80% Surge, Probably

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Bitcoin (BTC) has been on a rollercoaster since January, plunging down with all the grace of a lead balloon. But, hold on to your wallets, because on April 22, it managed to break past $91,000! It’s like it suddenly remembered how to ride a bike. This could be the start of a new, magical uptrend, or just a really nice fluke—either way, it’s a fun ride!

Bitcoin did the unthinkable by breezing past its previous lower high of $88,500, a milestone that could mean things are looking up—unless, of course, you’re a pessimist. But the real reason Bitcoin’s soaring could be the buying volumes from various Bitcoin groups, or as I like to call it: “the money that makes it go up.” Who knew that was the secret ingredient?

The US spot Bitcoin ETFs saw a huge influx of $381 million on April 21, a figure we haven’t seen since January. That’s like finding $381 million under your couch cushions. And yes, it’s as impressive as it sounds.

Now, with institutional demand seemingly making a return and the ETFs behaving themselves, Bitcoin is beginning to break free from the downward spiral that had it stuck in a rut for months. But before you get too excited, retail investor demand (that’s you, average Joe) is still not pulling its weight. Apparently, the $0 to $10,000 crowd has not returned to the party yet. Typical. Over the last year, they’ve been a bit shy about jumping on the Bitcoin bandwagon, but who knows? Once they show up, we might see a serious price spike.

CryptoQuant’s Maartunn has been busy pointing out that this rally is powered more by leverage than by actual spot volume. Meanwhile, Glassnode’s data is showing that Bitcoin futures open interest has shot up by $2.4 billion in less than 36 hours. Let’s just say, this isn’t your average “let’s grab a coffee and talk Bitcoin” moment.

If Bitcoin is going to stay above $90,000 for any significant period of time, the difference between futures traders and retail traders will need to shrink. In other words, you might want to start paying attention now, or forever wonder what could have been.

Bitcoin Could Gain “70% to 80% From Here”

Looking at the bigger picture (and trying to ignore the panic that often comes with these predictions), DYOR crypto founder Hitesh Malviya has a bold forecast. If Bitcoin manages to keep its MVRV ratio at 2 for the next six weeks, it could shoot up by 70% to 80%. Yes, you read that right. Almost a *doubling* of your Bitcoin stash. Who’s got time to complain about the little things, right?

The Market Value to Realized Value (MVRV) ratio is one of those fancy metrics that compares Bitcoin’s market cap to its realized cap (essentially, the value of coins at their last transaction price). A higher MVRV (over 3.7) usually means Bitcoin’s overpriced and might be ready to crash. But a ratio closer to 2? That’s the sweet spot for those who love the idea of making a pile of cash. Historically, this has been the signal for strong price rallies. Fingers crossed, folks.

Bitcoin’s MVRV score stayed above 2 from October 2024 to February 2025, right when it hit its all-time high. After the market correction, the metric dipped below 2, but now it’s making a comeback. Will it hold? Who knows, but if you’re holding Bitcoin, you’re probably hoping it does!

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2025-04-22 22:08