Highlights
Bitcoin price consolidates above $83,500 on Tuesday as MicroStrategy doubles down on BTC after a lull performance in Q1 2025. With institutional confidence as analysts forecast a parabolic BTC rally toward $90,000.
Strategy (Formerly MicroStrategy) founder and executive chairman Michael Saylor has once again reinforced commitment to the infamous Bitcoin strategy this week. Despite lackluster market performance so far in 2025, Saylor announced the purchase of an additional $285 million worth of BTC on Monday.
Notably, the latest purchase comes a week after firm’s reported a staggering $6 billion on its Bitcoin purchases in Q1 2025.
According to data from SaylorTracker, the firm spent $7.6 billion on BTC purchases since the start of the year, with unrealized loss reaching $6 billion as BTC price plunged below $80,000 last week, under pressure from US trade war.
As seen in the chart above, the latest buy brings MicroStrategy’s acquired 3,459 BTC for an approximate price of $285.5 million on Monday. This brings the firm’s total BTC holdings above 531,664 at press time valued at a $44 billion. Despite the short-term losses in Q1, the firm is posting $8.4 billion gains on its total holdings, reflecting 24% profit.
This aggressive accumulation comes at a pivotal moment for Bitcoin, which is currently consolidating near the $83,000 mark following a high of nearly $85,000 when hawkish US CPI reports sparked a brief buying frenzy last week.
Bitcoin price forecast suggests bullish continuation toward $87,000 after reclaiming short-term control above the mid-Bollinger Band ($82,505). BTC is trading near $83,855, finding support above this midline, signaling increasing upward pressure. The Bollinger Bands have slightly constricted, indicating a potential breakout.
BTC price hovering above the median line of the bands implies bullish dominance in the short term, especially with the upper band around $87,142 acting as the next major resistance.
On the MACD, the blue signal line has crossed decisively above the orange baseline, and histogram bars remain positive and rising. This bullish crossover and growing momentum suggest upward acceleration. Should bulls clear $85,000 convincingly, Bitcoin could surge to test the $87,000 resistance.
Conversely, a close below the $82,500 level could reintroduce bearish momentum, exposing BTC to the lower band support at $77,867. However, the current structure leans bullish with momentum favoring higher highs.
Cardano price has moved into a bear market after plunging by over 32% from its…
Sui price has attracted renewed market interest after its strategic collaboration with Figure Technology Solutions…
The Chainlink price continues to attract growing optimism after analyst Ali Martinez reaffirmed that LINK…
The Solana price has experienced heightened volatility after the recent Trump tariff announcement unsettled the…
Ethereum price crashed by over 6.5% today, Oct. 14, as the crypto market crash resumed.…
The XRP price has faced renewed downward pressure as the broader crypto market endures heightened…