Bitcoin’s Bullish Momentum Continues
The cryptocurrency market is experiencing an optimistic start to the week, with Bitcoin (BTC) leading the way. As of now, Bitcoin has shaken off last week’s low of $107K and is currently trading close to the $113K mark. This represents a 1.55% increase in the last 24 hours, signaling potential upward momentum for the top cryptocurrency by market capitalization.
Institutional Investments Driving Bitcoin Growth
Major institutional players continue to boost their exposure to Bitcoin. Michael Saylor’s company, Strategy, recently made headlines after acquiring 1,955 BTC for approximately $217.4 million, at an average price of $111,196 per Bitcoin. This brings their total holdings to an impressive 638,460 BTC, valued at $47.17 billion as of September 2025. This strategic investment has contributed to Strategy achieving a BTC yield of 25.8% year-to-date.
Another noteworthy acquisition comes from Metaplanet, a Japanese-based corporation. The company added 136 Bitcoin to its reserves, purchasing them at an average price of $111,830 per coin. This brings Metaplanet’s total holdings to 20,136 BTC, worth over $2.2 billion at current market prices. With plans to hit 30,000 BTC by the end of the year, Metaplanet remains a key institutional player in the crypto space.
Price Analysis: Can BTC Break $117K?
Technical indicators suggest that Bitcoin could soon push past its $113,541 resistance level and aim for $117K in the short term. Currently, the Relative Strength Index (RSI) stands at 63, indicating significant buyer activity dominating the market. The MACD lines also reflect a bullish bias as they move into positive territory.
Should the rally persist, Bitcoin may even eye the $120K price target. However, investors should remain cautious, as corrections often follow sharp price surges. A potential dip could see BTC retesting the $111K support level.
Invest in Bitcoin with Confidence
For those looking to start investing in Bitcoin, platforms like eToro offer a user-friendly experience for buying and trading cryptocurrencies. With multiple payment methods and copy-trading features, eToro is a trusted platform for both beginners and seasoned investors. Please note: Cryptocurrency investments are highly volatile, and proper research is recommended before investing.
Conclusion
Bitcoin’s current rally has spurred excitement across the cryptocurrency market, with many projecting a climb to $117K. Institutional interest and improving technical indicators suggest that BTC may achieve this milestone soon, but market fluctuations are always a possibility. Stay updated on cryptocurrency trends to make informed investment decisions in this highly dynamic market.
