Bitcoin (BTC) has reclaimed the $100,000 level, signaling growing market confidence and robust support compared to the temporary spike seen during Donald Trump’s presidential victory. Analysts, including MicroStrategy founder Michael Saylor, attribute the current stabilization to a shift in ownership from short-term speculators and non-strategic holders—such as government custodians and bankruptcy trustees—to long-term institutional investors entering through spot ETFs and corporate treasuries.
Saylor notes that selling by these ‘weak hands’ has provided liquidity for a new wave of enduring buyers, potentially laying the foundation for a more sustainable rally. However, he cautions that this transition may temporarily delay Bitcoin’s ascent beyond $150,000 due to ongoing market rotation and sporadic exits by short-term players.
Technical indicators (RSI above neutral, healthy capital inflows, tightening Bollinger Bands, consolidating MACD) suggest strong buying pressure and capital influx, though a potential short-term correction or consolidation is possible with Bitcoin in overbought territory. Key resistance is observed near $103,340, while a breakout above $108,000 could propel the price towards $120,000. Conversely, failure to maintain support may result in a brief pullback.
Further optimism stems from substantial ETF inflows—over $564.7 million in the past week—and MicroStrategy’s holdings, now over 50% above acquisition cost. The U.S. government’s increasing pro-Bitcoin stance, including a newly created Strategic Bitcoin Reserve, adds another layer of institutional credibility. Despite persistent criticism from figures like Peter Schiff, Saylor’s outlook remains positive for Bitcoin’s long-term strength as it becomes more deeply embedded within institutional portfolios.