Institutional buying stabilizes Bitcoin — price prediction sees 2.17% gain
Bitcoin (BTC) is currently trading at $110,209.3, marking a daily gain of $2,343.18 or 2.17%. The asset remains below its MA-20 ($113,086.17) and MA-50 ($115,711.56) averages, but is well above its MA-200 ($101,368.64), indicating persistent bearish sentiment in the short and medium term while preserving a long-term bullish outlook.
Highlights
- Bitcoin trades at $110,209.3, up 2.17% daily yet below its MA-20 ($113,086.17) and MA-50 ($115,711.56), signaling short-term bearishness despite a long-term bullish bias above the MA-200 ($101,368.64).
- Institutional demand remains robust, with large investors absorbing over six times the newly mined 2025 BTC supply as firms like MicroStrategy drive post-August rebound.
- BTC faces resistance at $115,872 with technicals showing persistent selling pressure and intraday volatility; price expected to consolidate near $110,363.21 with 75% upside probability over the next five days.
Large investor accumulation offsets supply, driving rebound and cautious sentiment
Institutional demand continues to stabilize BTC, with large investors absorbing over six times the newly mined supply in 2025. Notably, recent corporate accumulation, particularly from firms like MicroStrategy, spurred a sharp rebound after August’s pullback. On-chain signals remain mixed, and market participants are especially focused on the effect of upcoming U.S. employment data on near-term price volatility.Upside capped by resistance amid weak momentum and oversold signals
From a technical perspective, BTC faces resistance at the Ichimoku Kijun level of $115,872, while the MA-200 offers solid support at $101,368.64. Daily MACD stays bearish and ADX points to weak trend strength; RSI, Stoch RSI, and CCI continue to signal oversold or selling conditions. Intraday momentum is dominated by sellers, as confirmed by the BBP and the Awesome Oscillator’s strong sell signal. The price currently trades near the top of today’s $108,892.1 – $110,600 range, evidencing a rebound from recent lows amid moderate volatility.Range-bound trading likely as upside depends on momentum revival
Over the next five trading days, BTC is expected to consolidate between $109,766.41 and $110,960.00, with an average level near $110,363.21 and a 75% probability of further upside. Should bullish momentum reappear and propel prices above $115,872, targets shift towards the $115,000 – $117,000 range. On the downside, a failure to hold $109,000 – $108,900 could trigger renewed selling pressure and a move toward the MA-200 at $101,368.- Forex
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