Bitcoin price forecast suggests momentum may resume towards $110K, institutional demand offsets short-term altcoin profit cycle.
Bitcoin price surpassed $100,000 this week but stalled below $103,500 on Friday as altcoins and memecoins stole the spotlight.
Despite the short-term slowdown, big institutional players like MicroStrategy and Metaplanet are doubling down, buying more than $1.5 billion in BTC in the past week alone.
Will Bitcoin break above the $110,000 resistance, or face a rejection below the six-figure threshold?
Bitcoin Rally Stalls at $103,000 Amid Circulation in Altcoins
Bitcoin (BTC) rallied earlier this week, climbing above $100,000 for the first time since February 2025.
The move came amid a flurry of macro news: dovish comments from the Federal Reserve, Donald Trump's announcement of a trade deal with Britain, and the endorsement of strategic bitcoin reserves by three US states. All these factors fueled risk sentiment in traditional and crypto markets this week.
$BTC price rose another 3.7% on Friday, testing $103,890, but failed to break higher.
Instead, short-term traders looked to rotate profits into mid-cap altcoins and memecoins.
Both Ethereum and Solana posted double-digit gains, breaching $2,900 and $180 respectively on the daily chart.
Despite the temporary cooling in BTC's upward momentum, institutional capital inflows are strong, and could point to further price gains.
Institutional demand remains strong despite BTC price stability.
Altcoins and memecoins outperformed BTC on Friday, suggesting that short-term traders are reallocating profits. However, behind the scenes, institutional demand for Bitcoin remains strong.
Metaplanet Raises $21 Million To Buy BTC
Japan-based MetaPlanet, often referred to as "Asia's microstrategy," has issued its 14th series of ordinary bonds.
According to an official filing released Friday, the company raised $21.25 million through a fully-allocated zero-interest bond to the EVO Fund.
These funds will be used to purchase Bitcoin, with the bonds redeemable in November 2025.
The move is consistent with Metaplanet's strategy of accumulating $BTC as a treasury reserve asset and follows previous equity-linked capital raises aimed at increasing long-term exposure to Bitcoin price appreciation.
MicroStrategy acquires 1,895 BTC for $180 million.
On Monday, MicroStrategy, now rebranded as Strategy, announced a new BTC purchase of 1,895 coins worth about $180 million.
The company paid an average price of $95,167 per bitcoin, funded by the sale of more than 929,000 shares of MSTR and STRK stock.
This brings Strategy's total Bitcoin holdings to 555,450 BTC, which was acquired at a total cost of approximately $38 billion.
At the current bitcoin price of around $94,000, the company is sitting on a paper profit of around $14.2 billion.
The purchase underscores the lack of a "21/21 plan" strategy, whereby it raised $21 billion in equity to acquire BTC.
The company has now launched a “42/42 Plan,” which aims to purchase $42 billion in future BTC through a mix of equity and debt by 2027.
What’s next for Bitcoin’s price? Stability or Breakout?
Institutional accumulation rising to near-record price levels is a strong indicator of long-term confidence in Bitcoin. With BTC now consolidating above $100,000, the path to $110,000 could open.
Historically, institutional buyouts often precede further bullish momentum during phases of sideways consolidation.
The price of Bitcoin is consolidating in a narrow band between $101,000 and $103,000 in the short term.
If corporate investors remain interested in buying, taking a cue from Metaplanet and MicroStrategy's combined $1.5 billion BTC inflows, a breakout above $110K appears imminent.
Today's Bitcoin Price Forecast: Bollinger Bands Signal $110,000 Breakout Next
The Bitcoin price forecast charts below currently show signs of a continuation of the bullish momentum, currently trading near $102,974, slightly below the intraday high of $104,361.
On the daily chart, BTC remains firmly inside the upper band of the Bollinger indicator, trading above the midline (20-day moving average) at $94,930.57.
Sustained positioning above this intermediate band and strong-bodied candles over the past week indicate continued buying pressure.
If the momentum holds, the next price target appears to be around $110,000, with limited resistance to selling above the current price level, which is indicated by tight consolidation with Friday's $102,000 and $103,890 levels.
The Zig Zag pattern confirms a strong reversal from the April low at $74,508, charting a rally over $23,387 since then.
Moreover, the True Strength Index (TSI) reads 0.74, marking bullish momentum with no signs of an immediate pullback or topping out.
As long as the TSI remains above the zero line and is trending upward, the underlying strength provides further upside support.
However, caution is warranted if BTC breaks below $100,000, as it will move back inside the upper Bollinger Bands, indicating a possible short-term fade in bullish sentiment.
In this scenario, a close below the Bollinger Midline at $94,930 would invalidate the BTC price bullish forecast.
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