Bitcoin Hits $108K as Institutional Demand and Inflation Concerns Ignite Momentum
Bitcoin has once again made headlines, surging to a new all-time high of $107,148, driven by fresh institutional interest and mounting inflation fears. As of now, BTC is holding firm above the $104,000 level, with signs pointing toward even more upside.
Big Players Move In: MicroStrategy and Metaplanet Drive the Rally
Two major names played a pivotal role in this week’s bullish price action. MicroStrategy, a long-time Bitcoin bull, made waves by purchasing $764.9 million worth of BTC, even as it faces legal challenges over alleged securities law violations.
Meanwhile, Japan’s Metaplanet added $104.8 million in $BTC BTC to its reserves, boosting its total holdings close to $1 billion. These strategic buys sent a clear signal to the market — institutional conviction in Bitcoin is stronger than ever.
Bitcoin as an Inflation Hedge? Investors Think So
With inflation pressures mounting and potential interest rate hikes on the horizon, investors are increasingly viewing Bitcoin as a reliable hedge. Walmart recently hinted at possible price increases due to tariffs, stirring further speculation about upcoming monetary tightening — a macro backdrop that often favors Bitcoin.
Technical Outlook: Can BTC Break Higher?
Looking at the charts, Bitcoin has pushed past critical Fibonacci resistance levels, reclaiming the 0.5 level at $104,634 and now eyeing the 0.618 level at $105,226. The price recently rebounded from the $102,000 support zone, forming a textbook bullish reversal — a sign that buyers are in control.
If this momentum holds, a move past the 1.0 Fib extension at $107,141 could open the door to test the next key levels at $110,240 and potentially $115,254.
However, traders should be cautious. The Stochastic RSI indicates BTC may be in overbought territory, hinting at a possible short-term cooldown before the next leg up.
What’s Next for Bitcoin?
With $ETH
ETF flows surging and inflationary pressures not going anywhere, Bitcoin looks primed for a breakout. The mix of macroeconomic signals and institutional enthusiasm is creating the perfect storm for a continued rally.
As always, stay sharp and manage risk — but don’t ignore the signs. Bitcoin may be gearing up for its next big move.
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