Bitcoin price in India has been on a downward trend since January, but a recent surge past $91,000 on April 22 signifies a potential reversal towards an uptrend. The surge marks the first higher high breakout of the year for Bitcoin (BTC). The increase in price was supported by rising buying volumes in various cohorts of the Bitcoin market. Notably, US spot Bitcoin ETFs recorded total net inflows of $381 million on April 21, indicating a resurgence in institutional demand for Bitcoin. This surge in demand could potentially offset the selling pressure that has restrained BTC price for months. However, retail investor demand remains low, with volumes between $0 and 10,000 still below 0%. Despite this, retail investors tend to strengthen price momentum once their volume turns positive. The current rally is primarily driven by leverage rather than spot volume, according to CryptoQuant community manager Maartunn. To sustain a strong position above $90,000, the gap between futures traders and retail traders needs to narrow. Looking ahead, DYOR crypto founder Hitesh Malviya suggests that BTC could gain “70% to 80%” if it maintains a Market Value to Realized Value (MVRV) ratio of 2 for the next six weeks. The MVRV ratio compares Bitcoin’s market cap to its realized cap and historically values around 2 have preceded significant price rallies. Despite the positive outlook, readers are advised that this article does not provide investment advice, and individuals should conduct their own research before making any financial decisions.