Bitcoin (BTC) is once again making headlines as its price climbs toward the pivotal $100,000 mark, currently trading at approximately **$98,249**—a 4.81% increase since the beginning of 2025. While the momentum is building, the market remains in a state of cautious anticipation. A decisive breakout above $100K could shift the entire market structure to bullish, but until then, uncertainty lingers.
At the same time, MicroStrategy, one of Bitcoin’s most aggressive corporate holders, has unveiled a bold new strategy: raising up to $2 billion through public offerings of perpetual preferred stock to acquire even more BTC. This move reinforces the company’s long-term conviction in Bitcoin as a treasury reserve asset.
Market Structure: Is Bitcoin Ready for a Bullish Breakout?
Despite the recent 4.81% rally from January 1, Bitcoin has yet to confirm a true bullish reversal. The key reason? It hasn’t established a higher high since its all-time peak of $108,421.80** on December 17, 2024. The subsequent 15% correction found support near **$93,200, setting the stage for the current rebound.
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For the market structure to turn definitively bullish, BTC must clear the December 26 swing high at $99,950**—essentially the psychological **$100,000 threshold. Breaking this level would likely trigger strong buying pressure and could pave the way for a retest of the all-time high.
Until that happens, the crypto market remains in a consolidation phase. While broader sentiment is improving, only the strongest altcoins are showing signs of recovery, indicating selective investor confidence rather than a full market-wide rally.
MicroStrategy Doubles Down: $2 Billion Bitcoin Buying Plan
In a recent post on X, Michael Saylor, CEO and co-founder of MicroStrategy, announced:
“MicroStrategy targets up to $2 billion capital raise through public offerings of perpetual preferred stock in the first quarter of 2025.”
This strategic capital raise is explicitly designed to acquire more Bitcoin, further strengthening the company’s balance sheet with what Saylor views as the ultimate hard asset.
As of July 4, 2025, MicroStrategy holds 446,400 BTC, valued at over $43.79 billion**. That represents approximately **2.13% of Bitcoin’s total 21 million supply**, with an average acquisition cost of just **$62,428 per BTC—meaning the company is sitting on substantial unrealized gains.
The Virginia-based software firm has become synonymous with corporate Bitcoin adoption. Its consistent accumulation strategy has inspired other companies to follow suit, though few have matched its scale or conviction.
While this latest $2 billion plan is undeniably bullish in sentiment, the market has grown somewhat desensitized to MicroStrategy’s moves. Past announcements triggered sharp price reactions, but now investors are demanding broader adoption and stronger on-chain metrics before committing to a sustained rally.
BlackRock’s IBIT ETF Sells $333 Million in Bitcoin
In contrast to MicroStrategy’s aggressive buying, BlackRock, the world’s largest asset manager, made a surprising move by withdrawing $333 million worth of BTC from its IBIT Bitcoin ETF on Thursday. This marks the largest single-day outflow in IBIT’s history.
The sell-off raises questions about institutional sentiment. While BlackRock remains a major player in the ETF space, such large withdrawals suggest profit-taking or portfolio rebalancing—common in mature markets but notable during a price recovery phase.
This divergence between MicroStrategy’s accumulation and BlackRock’s distribution highlights a split in institutional strategy:
- Some see Bitcoin as a long-term store of value.
- Others treat it as a tactical asset to capitalize on volatility.
This tug-of-war could continue to fuel short-term price swings until clearer trends emerge.
Technical Analysis: Three Scenarios for Bitcoin’s Next Move
On the 4-hour chart, Bitcoin is currently consolidating between $93,300 and $99,600. A successful sweep of the lower boundary at $93,3K on December 30 triggered an 8% recovery, but progress has stalled near resistance.
Key resistance zones now lie between $97,500 and $99,6K, where selling pressure has historically emerged. The next move could unfold in one of three ways:
- Rejection and Pullback: BTC fails to break $100K and retreats toward the **CME gap zone ($94,400–$94,900)**—a common target for short-term corrections.
- Retest and Consolidation: Price briefly touches $100K but pulls back into the same CME gap before attempting another breakout.
- Breakout and ATH Reattempt: A decisive close above $100K opens the door for a rally back toward the all-time high of **$108,421.80**.
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However, technical indicators offer mixed signals. The lack of growth in daily active addresses suggests limited retail participation. Additionally, BTC has formed a series of lower highs since December 17, indicating weakening upward momentum.
These on-chain metrics imply that while whales and institutions may be active, broader market engagement remains subdued—fueling skepticism about the sustainability of the current rally.
Frequently Asked Questions (FAQ)
Will Bitcoin reach $100K in 2025?
While Bitcoin is approaching $100K and macro conditions are favorable, a confirmed breakout depends on sustained buying pressure and higher market participation. MicroStrategy’s accumulation helps, but broader institutional inflows and rising active addresses are needed for confirmation.
How does MicroStrategy’s $2B plan affect Bitcoin price?
The plan signals strong long-term confidence in Bitcoin, but its immediate price impact is limited. Markets have grown accustomed to MicroStrategy’s buys, so unless accompanied by wider adoption or ETF inflows, short-term volatility may dominate.
Why did BlackRock sell $333M in BTC?
The outflow likely reflects profit-taking or portfolio rebalancing. Large institutions often adjust positions based on risk management strategies. It doesn’t necessarily indicate bearish sentiment but shows that not all giants are buying at current levels.
What happens if Bitcoin breaks $100K?
A confirmed breakout could trigger a wave of algorithmic and institutional buying, potentially pushing BTC toward its all-time high of ~$108K. It would also restore bullish market structure and boost investor confidence across the crypto ecosystem.
Is Bitcoin still a good investment in 2025?
Bitcoin remains a compelling long-term store of value amid macroeconomic uncertainty, limited supply, and growing institutional adoption. However, short-term volatility should be expected—investors should focus on dollar-cost averaging and risk management.
What are the key support and resistance levels for BTC?
- Support: $93,300 (recent swing low), $94,4K–$94,9K (CME gap)
- Resistance: $97,5K–$99,6K (consolidation ceiling), $100K (psychological barrier), $108,421 (all-time high)
Final Outlook: Bullish Confirmation Still Pending
While Bitcoin is knocking on the door of $100K, the market awaits clear confirmation before declaring a new bullish phase. The combination of MicroStrategy’s massive accumulation and technical consolidation suggests strong underlying demand—but without broader participation or higher active addresses, a sustained rally remains uncertain.
The contrast between corporate buyers like MicroStrategy and profit-taking by firms like BlackRock underscores the complexity of today’s crypto landscape. It’s no longer driven by retail hype alone but shaped by sophisticated institutional strategies.
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For now, all eyes are on the $100K level. A breakout could ignite the next leg of the bull run. A rejection may lead to further consolidation. Either way, Bitcoin’s journey in 2025 promises to be one of the most closely watched financial narratives of the decade.
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