Bitcoin price prediction: BTC remains at 114,000 in a new wave of institutional holdings More than USD

Nakamoto 2025-10-29 03:10 87323人围观 BTC

Enter the DingTalk crowd method to read the end of the article 👇 Free access to the community, eighteen teachers live broadcast live order strategies Trump-related US Bitcoin adds more BTC reserves As the week begins, institutional demand strengthens, an

Read the end of the article by joining thousands of people on DingTalk 👇Enter the community for free, 18 teachers live broadcast live orders

Strategy Trump-linked US Bitcoin adds more BTC reserves

As institutional demand strengthens as the week begins, Strategy announced on Monday that the company had added 390 BTC to its reserves, now holding a total of 640,808 BTC worth $47.44 billion.

During the same period, U.S. President Donald Trump’s son Eric and Donald Trump Jr.’s company Bitcoin USA announced the acquisition of 1,414 BTC worth approximately $163 million, bringing its total holdings to 3,865 BTC.

Bitcoin funding company MetaPlanet announced a stock buyback plan on Tuesday to repurchase 150 million shares of common stock worth $495 million.

MetaPlanet President Simon Gerovich said in his X post: "Metaplanet has established a new capital allocation policy to guide financing, investment and shareholder return decisions. The policy emphasizes the strict use of preferred and common shares to maximize BTC returns and long-term company value. ”

Bitcoin spot ETF records positive inflows

U.S.-listed spot ETF flows have continued to strengthen so far this week. According to data from SoSoValue, spot Bitcoin ETF inflows reached $149.3 million on Monday, continuing three consecutive days of positive inflows since last Thursday. If these inflows continue and strengthen, BTC may further extend its ongoing rally.

Bitcoin spot ETF total net inflow chart. Source: SoSoValue

Bitcoin plunge tied to Trump tariff concerns, recovery underway

21Shares Weekly noted that the market crash on October 10 was triggered by President Trump’s proposal to impose 100% tariffs on Chinese imports, which once again raised trade war concerns and pushed up the price of Bitcoin. Correlation The S&P 500 is up more than 60%.

However, analysts pointed out that Trump's remarks seemed more like a negotiation tactic than a firm policy, suggesting that the situation may de-escalate. As a result, digital assets have begun to rebound, and this week's modest rebound suggests that if trade tensions continue to ease, the market may see a broader recovery, similar to the rebound after Liberation Day, when the total cryptocurrency market capitalization surged by more than 50% in just six weeks.

Bitcoin Price Prediction: BTC Finds Support Near the 50-Day EMA

Bitcoin Price On Wednesday, BTC found support near the 61.8% Fibonacci retracement level from the April low of $74,508 to the all-time high of $126,199, at $106,453. BTC gained 6.57% over the next four days to close above the 50-day exponential moving average (EMA) at $113,407. However, BTC encountered slight resistance near the 78.6% Fibonacci retracement level at $115,137. As of writing on Tuesday, BTC found support near the 50-day moving average of $113,407.

If BTC closes above the 78.6% Fibonacci retracement to $115,137, it could extend its gains until it reaches the psychologically important $120,000 level.

On the daily chart, the relative strength index (RSI) is at 53, which is above the neutral level of 50, indicating that bullish momentum is building. Additionally, the Moving Average Convergence Divergence (MACD) produced a bullish crossover on Sunday, issuing a buy signal and further supporting the bullish view.

BTC/USDT daily chart

On the other hand, if BTC encounters rejection and closes below the 50-day EMA at $113,407, the decline is likely to extend towards the next support at $110,000.

That’s it for the article! If you are confused in the currency circle, you may consider joining me in planning and harvesting the dealers! There is no threshold to join the community of DingTalk with thousands of people + TG with tens of thousands of people, get market analysis, currency recommendations and good news, plan in advance, and have irregular live broadcast market analysis! If you have any questions, you can ask them in the group and provide the best answers!