Bitcoin Steadies as MARA and Saylor Fuel Institutional Momentum
Bitcoin (BTC) is stabilizing near the $115,000 mark as major institutional players signal renewed confidence in the asset. MARA Holdings has added another 400 BTC—worth approximately $46.3 million—to its treasury through FalconX, bringing its total holdings to 52,850 BTC valued at over $6.1 billion. Meanwhile, MicroStrategy’s Michael Saylor has hinted at yet another purchase, stoking speculation that corporate accumulation could soon intensify.
On the daily chart, Bitcoin’s price structure shows early signs of recovery. The 9-day and 20-day exponential moving averages are flattening, suggesting that bearish momentum is weakening. The MACD histogram’s narrowing range reinforces this, hinting that sellers are losing control. The Relative Strength Index has also climbed from oversold conditions toward neutral territory, aligning with the idea of a slow but steady bullish transition.
The order book indicates a balanced tug-of-war between buyers and sellers. Strong bid walls at $115,029–$115,174 provide short-term support, absorbing most of the selling pressure. Conversely, significant ask walls at $115,186 and $115,500 are the barriers keeping Bitcoin from testing $117,000 — the key resistance that could confirm a bullish breakout. Clearing this zone could set BTC on a path toward $120,000, whereas a slip below $112,500 would likely reopen downside targets near $109,000.
Institutional buying by MARA and MicroStrategy’s expected move could prove pivotal in defining Bitcoin’s next major leg. With macro conditions stabilizing and liquidity building around $115K, Bitcoin appears poised for a potential upside push — if buyers can overcome the near-term resistance.
#Bitcoin #CryptoMarkets #TechnicalAnalysis #InstitutionalInvesting #BTC $BTC