- Bitcoin rebounds after dipping to $110K, but faces strong resistance between $114K and $119K with no clear breakout yet.
- Metaplanet purchases 463 BTC for $49.3M, raising total holdings to 17,595 BTC and reinforcing long-term institutional trust.
- BTC dominance declined at 63%, forming a bearish pattern that hints at capital flowing toward altcoins in the short term.
Bitcoin is bouncing back after last week’s steep pullback from $123K. Right now, it’s trading close to $114K, but momentum is slowing. With major resistance just ahead, traders are waiting to see if bulls can flip the trend.
Bitcoin Tries to Reclaim Ground, But Resistance Is Sticky
After pushing past $123K, Bitcoin lost steam and slid sharply finding its footing near $110K. That dip created a strong demand zone where buyers quickly stepped in. The bounce brought prices back above $114K, but not without hesitation.
Key resistance between $114.8K and $116.8K is still holding strong. Each attempt to break higher gets rejected. Volume spiked during the earlier drop, which shows bears are still active. To push higher, bulls need to reclaim $116.8K convincingly.
Analyst CryptoMichNL points out that if Bitcoin can’t break above $116K soon, another dip back to $110K is possible. On the flip side, he believes a fresh ATH could still be on the cards for September—if momentum returns.
Institutions Stack Bitcoin as Kiyosaki Eyes a Dip
Institutional demand for Bitcoin remains strong, with Japan’s Metaplanet leading the charge. The publicly listed firm recently acquired 463 BTC for $49.3 million, pushing its total holdings to 17,595 BTC. Despite a stock correction, Metaplanet remains up 163.55% year-to-date, reflecting growing confidence in its treasury strategy.
The company’s aggressive buying, at an average price of $106,500 per coin, reinforces its commitment to long-term Bitcoin exposure. Data from @BitcoinForCorps shows its BTC yield for 2025 is already at 459%, thanks to consistent accumulation during market dips. As volatility continues, Metaplanet’s moves signal conviction over caution—prioritizing future growth over short-term noise.
Meanwhile, renowned investor and author of Rich Dad Poor Dad Robert Kiyosaki shared his take on what he calls the “Bitcoin August Curse.” He suggested prices might fall below $90K this month—but welcomed the idea, saying he’s ready to double his holdings. In his view, Bitcoin isn’t the issue—the real problem lies in the global financial system and the institutions running it.
BTC Dominance Breaks Down, Altcoins Catch a Breath
While Bitcoin’s price is showing signs of life, its dominance is doing the opposite. Right now, BTC.D sits at 61.97%, after failing to climb past the 63% mark. That level flipped from support into resistance—and it’s keeping dominance pinned down.
A bearish head and shoulders pattern has formed, pointing to a possible drop toward the 58% zone. If that happens, we could see another altcoin surge. As pointed out by Bitcoinhabebe, falling dominance often means altcoins are heating up.
