- Bitcoin is trading at a support of about $109.5k to $111.5k, and this is likely to cause a recovery to reach the levels of $118k and a predicted target of $131k-135k at the end of the fourth quarter.
- Overcoming the resistance of $118k may be an indication of a bullish trend and will cause more purchases as well as support market faith in Bitcoin.
- Falling below support can drive BTC to its bottoming zone of $101k-103k, without changing the general Q4 bullish outlooks.
Bitcoin is still trading around a key area, which indicates the possibility of recovery or a correction in the future. Traders are keeping an eye on the $109.5k-111.5k range as a directional indicator. Institutional activity is also increasing, as evidenced by recent institutional acquisitions.
Bitcoin Holds at Critical Support Zone
Bitcoin’s daily chart shows the support zone between $109.5k and $111.5k acting as a key barrier against downward moves. If this zone holds, the price could rebound toward the next resistance level near $118k. Traders view this level as a confirmation point for bullish momentum.
Crypto analyst CryptoBullet tweeted that holding support may lead to a recovery phase, potentially driving Bitcoin above $118k. This area is crucial because surpassing it could signal an acceleration toward higher targets. The projected upside currently lies between $131k and $135k.
If Bitcoin fails to sustain the support, a correction to the $101k-$103k range may occur. This zone could provide a stabilizing point before any further upward moves. Market participants closely watch these levels for entry or exit decisions.
Bullish Potential with New ATH Expectations
The resistance zone near $118k remains a pivotal level for confirming bullish trends. Breaking above this level would attract additional buying pressure, potentially triggering a move toward record highs. Analysts are monitoring this scenario for signs of sustained upward momentum.
In the analysis provided by CryptoBullet, the primary upside case will be the price of reaching $131k-135k, which means that the market is confident in the long-term future of Bitcoin. These levels also overlap with the institutional interest and historic price action.
Investors track these ranges closely, as exceeding $118k could reinforce positive sentiment across exchanges. Trading volumes often rise during such movements, providing liquidity and further price support.
Metaplanet Expands Bitcoin Holdings
Institutional participation remains notable as Metaplanet increased its Bitcoin holdings. According to a tweet by Simon Gerovich, Metaplanet acquired 5,419 BTC for approximately $632.53 million, averaging $116,724 per Bitcoin. This purchase adds to their existing holdings of 25,555 BTC.
Gerovich also noted that Metaplanet achieved a BTC yield of 395.1% year-to-date in 2025. The average acquisition cost for all holdings stands at $106,065 per BTC, reflecting a strategic accumulation at multiple price points.
Such institutional activity reflects broader market confidence, providing potential support during price fluctuations. Investors often interpret these moves as reinforcement of bullish scenarios, particularly when support zones hold strong.
