Bitcoin has passed the level of $ 115,000 just a few hours ago, triggering a speculation between investors on the potential of further rise. The move comes after weeks of close consolidation started in July, a period marked by negotiations and indecision. Now, with the momentum showing signs of return, many analysts believe that the next breakout can be aggressive, giving the tone for the last quarter of the year.
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The reclamation of $ 115,000 has rekindled the bullish sentiment, with the traders who look closely if Bitcoin can build a base above this threshold and aim for the next great resistance to $ 117,500. Historically, prolonged consolidation phases have often preceded strong management moves and the current configuration suggests that volatility could soon accelerate.
By adding weight to the bullish fiction, Fresh Data reveals that Metaplanet has again expanded its Bitcoin treasure. The company added 5,268 BTC to its participations, bringing its total escort to 30,823 BTC. This significant purchase highlights the growth of institutional growth in Bitcoin, even if the prices remain blocked in an interval.
Metaplanet becomes the fourth largest bitcoin support
The top Maartunn analyst stressed that the latest purchase of Metaplanet further cemented his position among the major Bitcoin owners in the world. With the addition of 5,268 BTC this week, the Metaplanet treasure is now 30,823 btc. This accumulation places the company as the fourth largest owner of Bitcoin company, dragging only giants in the sector such as strategy (prior microstrategy) and some other main institutions. The move underlines the growing appetite for Bitcoin among the companies that want to diversify the reserves and position themselves in front of what many see as a long -term cycle of adoption.
This development comes in a crucial moment for the market. Bitcoin recently recovered the level of $ 115,000, unleashing a new optimism after months of consolidation. Analysts underline that institutional moves such as Metaplanet provide strong support below, strengthening the topic that Bitcoin remains attractive even at high prices.
The next few days will be fundamental, since several analysts provide that Bitcoin will continue to push up until October. Historically, this month offered some of the strongest gatherings for BTC, gaining the nickname of “uptober” within the community. If the model is repeated, the accumulation of metaplanet could prove well timely, feeding further confidence in the activity.
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BTC challenges the key resistance
Bitcoin is exchanged near $ 116,200 after having staged a strong recovery from recent minimums of about $ 109,000. On the daily graph, the price recovered the 50 -day mobile mediums (blue) and 100 days (green), signaling a force renewed by buyers. This rebound put Bitcoin at a surprising distance from the resistance area of $ 117,500, highlighted in yellow, which has repeatedly limited the rally since July.
A decisive breakout above this level would represent a large shift of momentum, potentially opening the route to $ 120,000 and the tests of the late summer maximums higher than $ 125,000. The fact that BTC has recovered so quickly from the weakness of last week underlines a strong demand to lower levels.
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However, the market is not without risk. The level of $ 117,500 remains a critical barrier and the lack of elimination could invite the assumption of profits that pulls the price back to $ 114,000 or even $ 112,000. The 200 -day mobile average (Red), currently trendy near $ 105,000, continues to provide a deeper support layer that strengthens the wider trend.
First floor image from Dall-E, TradingView chart