Bitcoin Price Rally: Approaching the $100K Psychological Barrier
Bitcoin (BTC) has surged 4.81% year-to-date, trading at $98,249** as of July 4, 2025. Despite the recovery, BTC must decisively breach the **$100,000 mark to confirm a bullish market structure. Key resistance lies at the December 26 swing high of $99,950**, with a breakout potentially igniting a rally toward its all-time high (ATH) of **$108,421.
Market Context:
- Current Support: $93.2K (post-15% ATH correction).
- Bullish Trigger: A sustained close above $100K.
- Altcoin Performance: Only select altcoins show notable recovery amidst BTC’s consolidation.
MicroStrategy’s Bold $2 Billion Bitcoin Strategy
MicroStrategy, led by Michael Saylor, announced plans to raise $2 billion via perpetual preferred stock offerings in Q1 2025. The proceeds will fund additional BTC acquisitions, reinforcing its position as the largest corporate Bitcoin holder.
Key Details:
- BTC Holdings: 446,400 BTC (~2.13% of total supply) valued at $43.8 billion.
- Average Purchase Price: $62,428 per BTC.
- Strategy Impact: While long-term bullish, short-term price sensitivity to MicroStrategy’s buys has diminished due to market desensitization.
👉 Explore how institutional BTC accumulation impacts long-term valuation
BlackRock’s IBIT ETF Records $333 Million BTC Outflow
Contrasting MicroStrategy’s accumulation, BlackRock’s IBIT Bitcoin ETF saw a $333 million outflow—its largest to date. This highlights institutional divergence in BTC sentiment.
Bitcoin Price: Technical Analysis and Scenarios
4-Hour Chart Insights:
- Trading Range: $93.3K–$99.6K.
- Critical Resistance: $97.5K–$99.6K band.
- Support Zones: CME gap at $94.4K–$94.9K.
Potential Pathways:
- Rejection & Pullback: Retreat to $94.4K–$94.9K gap.
- $100K Retest: Brief breakout followed by consolidation.
- ATH Retest: Breakthrough $100K targeting $108,421 (low probability currently).
Bearish Signals:
- Declining Daily Active Addresses: Suggests weakened retail interest at current prices.
FAQs: Bitcoin Price and MicroStrategy’s Moves
1. What’s needed for BTC to turn bullish?
A confirmed break above $100K with higher highs.
2. How does MicroStrategy fund its BTC purchases?
Through capital raises (e.g., $2B preferred stock offering).
3. Why did BlackRock’s IBIT ETF see outflows?
Institutional profit-taking or portfolio rebalancing.
4. What’s MicroStrategy’s average BTC cost basis?
$62,428 per BTC.
5. Can BTC’s ATH be challenged soon?
Unlikely without a $100K breakout and renewed investor interest.
Conclusion: Awaiting a Clear Market Signal
Bitcoin’s trajectory hinges on overcoming $100K resistance. MicroStrategy’s accumulation underscores institutional confidence but lacks immediate price impact. Traders should monitor:
- $100K breakout for bullish confirmation.
- CME gap at $94.4K as potential support.