Bitcoin climbed to $120,185 as we speak, including over 1.30% in 24 hours on a strong $81.65 billion buying and selling quantity. The world’s largest cryptocurrency now instructions a $2.39 trillion market cap, with slightly below 20 million cash in circulation.
MicroStrategy co-founder Michael Saylor, whose agency holds 628,791 BTC price $74.21 billion, is as soon as once more fueling bullish sentiment. In a latest publish, he prompt that relentless BTC accumulation is the surest path to wealth.
Market watchers are studying it as a touch at additional large-scale buys — a transfer that would set the stage for Bitcoin’s subsequent leg towards the $1 million mark.
Saylor’s Rising Bitcoin Guess
Saylor’s portfolio tracker exhibits 61.04% lifetime acquire on MicroStrategy’s Bitcoin holdings with a median price foundation of $73,290 per coin. They’ve been shopping for constantly through the years, particularly throughout dips, and at the moment are the biggest company Bitcoin holder.
In the event you don't cease shopping for Bitcoin, you received't cease making Cash. pic.twitter.com/G9S2gPO1t8
— Michael Saylor (@saylor) August 10, 2025
This aggressive accumulation technique comes amid tightening Bitcoin provide, as halving occasions and growing institutional curiosity scale back accessible liquidity. If MicroStrategy or different whales maintain shopping for at this tempo, market shortage may intensify — a dynamic that traditionally drives costs sharply larger.
Bitcoin (BTC/USD) Technical Outlook Factors Increased
Bitcoin is breaking out of a bullish flag sample, a basic continuation sign. Value has taken out the $118,500 flag resistance with sturdy shopping for and a every day shut. The 50-day EMA at $114,140 continues to be holding as help, and the pattern is undamaged.
#Bitcoin Technical Outlook
BTC breaks out of bullish flag above $118.5K, holding 50EMA $114.14K help.
RSI 62, MACD bullish crossover.
Targets: $123.25K, $127K
Invalidation: Shut < $117.3K#BTC #Crypto #BitcoinPrice pic.twitter.com/AFqMeypxN1— Arslan Ali (@forex_arslan) August 11, 2025
On the Fibonacci retracement from $98,194 to $123,248, BTC has reclaimed the 23.6% degree at $117,335 which is now a help base.
Key momentum indicators are confirming:
- RSI 62.64, rising however not overbought.
- MACD bullish crossover with growing histogram.
A detailed above $120,000 may open up $123,250 and probably $127,000.
Bitcoin Commerce Setup and Threat Ranges
For merchants eyeing this transfer, the breakout construction gives a transparent plan:
- Entry: On confirmed every day shut above $120,000
- Cease-Loss: Under $117,300
- Take-Revenue 1: $123,250
- Take-Revenue 2: $127,000
- Bias: Bullish whereas above $117,300
A drop again contained in the flag sample would invalidate the breakout and refocus consideration on $114,000 EMA help. Quantity affirmation can be key for sustained momentum.
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