What’s Pushing Bitcoin Price to $113K?

Bitcoin price surged past the $95,000 mark on April 25, 2025, for the first time since early March.

The rally was fueled by strong market momentum and recovering network fundamentals.

Analysts emphasized that if BTC holds above $95,500, it could unlock a breakout toward $113,800.

Based on MVRV bands and strengthening capital inflows, the BTC price prediction now points to further upside despite potential short-term cooling.

MVRV Bands Indicate Potential Bitcoin Price Breakout

Crypto analyst Ali Martinez identified Bitcoin’s current movement through the MVRV Pricing Bands as a major bullish signal.

According to Ali, Bitcoin price entered a historically strong zone after reclaiming the $95,500 level, similar to previous bull cycles.

The MVRV (Market Value to Realized Value) model tracks when Bitcoin price becomes overvalued or undervalued relative to its historical price behavior.

Ali Martinez explained navigating higher deviation bands often triggered major rallies.

His BTC price prediction suggested that if Bitcoin maintains strength above $95,500, it could rally toward the $113,800 target in the coming months.

Ali’s latest chart highlighted the deviation bands closing in favorably around the Bitcoin price.

Historically, such conditions preceded strong discovery phases, reinforcing the bullish view that the next major move could align with the $113,800 mark.

Analyst Notes Capital Inflows and Reduced Risk Levels

Reinforcing the positive outlook for Bitcoin price, analyst Willy Woo reported that network fundamentals had turned decisively bullish.

Woo stated that capital flows entering the Bitcoin network had strengthened, signaling rising accumulation across major addresses.

According to Woo, the speculative flow metrics, which capture short-term investor behavior, also bottomed out.

This combination typically indicated that downside risks were diminishing and that stronger liquidity was entering the market.

This has raised his BTC price prediction estimate with an intermediate target of $103k and an ultimate target of $108k.

Furthermore, Woo also highlighted that the Bitcoin risk model, that has dictated the major cycle swings previously, has now began trending down for the first time in a few months.

Lower risk readings typically preceded major price expansions during previous Bitcoin bull runs.

Short-Term Volatility Likely Before Higher Levels

Despite the broader bullish setup, Woo warned that the Bitcoin price might experience short-term volatility.

He observed that the on-chain VWAP (Volume-Weighted Average Price) indicator had climbed to +3 standard deviations, a level where Bitcoin often cooled off temporarily.

Woo explained that such overextensions typically led to sideways consolidation or slow upward movement rather than sharp declines.

He stated that even if Bitcoin price paused or dipped slightly, it would likely represent a healthy reset within an ongoing bullish structure.

At the time of writing, BTC price traded at $94,438.08, which has been up by 0.06% over the last 24 hours.

Woo stated that the minor pullbacks were normal in the BTC market, as long as improving trends of liquidity were present to justify the higher BTC price prediction.

Key Bitcoin Price Levels to Monitor

Furthermore, Reed Carson observed that Bitcoin price perfectly retested its long-term uptrend support during the recent pullback.

His analysis showed that ETF inflows returned to late 2024 levels, boosting Bitcoin’s macro bullish setup.

According to Carson’s chart, Bitcoin price remained firmly within a parallel ascending channel on the monthly timeframe.

The price rebounded sharply off the lower channel boundary near $77,000, confirming the structure’s strength.

Historically, Bitcoin’s recoveries from similar positions led to extended rallies toward the upper channel resistance.

Carson projected that Bitcoin price prediction could reach between $115,000 and $120,000 by June or July if the channel trend continued.

While writing this report, the upper trendline was near $118,000, providing a natural target for Bitcoin’s next major rally.

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