Bitcoin Price Analysis: BTC Eyes $110K Breakout as MicroStrategy and Metaplanet Invest Another $1.5 Billion

Bitcoin price rallied past $100,000 this week but stalled below $103,500 on Friday as altcoins and memecoins stole the spotlight.

Despite the short-term slowdown, large institutional players like MicroStrategy and Metaplanet are doubling down, purchasing over $1.5 billion in BTC in the past week alone.

Will Bitcoin break above the $110,000 resistance, or face rejection below the six-figure threshold?

Bitcoin Rally Stalls at $103,000 Amid Rotation Into Altcoins

Bitcoin (BTC) surged earlier this week, climbing above $100,000 for the first time since February 2025.

The move came amid a flurry of bullish macro news: hawkish-leaning Federal Reserve comments, Donald Trump’s announcement of a trade deal with the UK, and endorsements of strategic Bitcoin reserves by three U.S. states. All of these factors fueled risk-on sentiment across traditional and crypto markets this week.

BTC price advanced by another 3.7% on Friday, testing $103,890, but failed to break higher.

Instead, short-term traders appeared to rotate profits into mid-cap altcoins and memecoins. Ethereum and Solana both posted double-digit gains, breaching $2,900 and $180 respectively on the daily chart.

Despite the temporary cooling in BTC’s upward momentum, institutional capital inflows remain strong, and may point to further price upside.

Institutional Demand Persists Despite BTC Price Consolidation

Altcoins and memecoins outperforming BTC on Friday suggests short-term traders are reallocating gains. However, behind the scenes, institutional demand for Bitcoin remains robust.

Metaplanet Raises $21 Million for BTC Purchase

Japan-based Metaplanet, often called the “MicroStrategy of Asia,” has issued its 14th series of ordinary bonds. Accoriding to an official fillings issued on Friday, the company raised $21.25 million through zero-interest bonds allocated entirely to EVO FUND. These funds will be used to buy Bitcoin, with the bonds redeemable in November 2025.

This move aligns with Metaplanet’s strategy of accumulating BTC as a treasury reserve asset and follows previous equity-linked capital raises aimed at building long-term exposure to Bitcoin price appreciation.

MicroStrategy Acquires 1,895 BTC for $180 Million

On Monday, MicroStrategy, now rebranded as Strategy, announced a new BTC purchase of 1,895 coins worth approximately $180 million. The company paid an average price of $95,167 per bitcoin, funded through the sale of over 929,000 shares of MSTR and STRK stock combined.

This brings Strategy’s total Bitcoin holdings to 555,450 BTC, acquired at an aggregate cost of roughly $38 billion. At the current Bitcoin price near $94,000, the company sits on a paper gain of approximately $14.2 billion.

This purchase marks the depletion of Strategy’s “21/21 Plan,” under which it raised $21 billion in equity for BTC acquisitions. The company has now launched the “42/42 Plan,” targeting $42 billion in future BTC buys through a mix of equity and debt by 2027.

What’s Next for Bitcoin Price? Consolidation or Breakout?

Rising institutional accumulation at near-record price levels is a strong signal of continued long-term confidence in Bitcoin. With BTC now consolidating above $100,000, the path to $110,000 could open

Historically, institutional buying during sideways consolidation phases often precedes further bullish momentum. Bitcoin price is consolidating within a narrow band between $101,000 and $103,000 in the short term.

If corporate investors sustain buying interest taking a cue from Metaplanet and MicroStrategy’s combined $1.5 billion BTC inflows, a breakout above $110K appears increasingly likely.

Bitcoin Price Forecast Today: Bollinger Bands Hint  $110,000 Breakout Next

Bitcoin price forecast charts below currently shows signs of a bullish momentum continuation, currently trading near $102,974, slightly below the intraday high of $104,361.

On the daily chart, BTC remains firmly within the upper band of the Bollinger indicator, trading above the midline (20-day moving average) at $94,930.57.

The sustained positioning above this median band and the strong-bodied candles over the past week suggest ongoing buying pressure.

If momentum sustains, the next price target appears to be around $110,000, with limited sell-side resistance above current price levels as reflected by the tight consolidation with the $102,000 and $103,890 level on Friday.

The Zig Zag pattern confirms a strong reversal from the April low at $74,508, charting a rally of over $23,387 since then.

More so,  The True Strength Index (TSI) reads 0.74, marking bullish momentum without signs of immediate divergence or topping out. As long as the TSI remains above the zero line and trends upward, the underlying strength supports further upside.

However, caution is warranted if BTC breaks below $100,000, as it would fall back inside the upper Bollinger band, indicating a potential short-term fade in bullish sentiment. In that scenario, a close below the Bollinger midline at $94,930 would invalidate the bullish BTC price forecast.