The post Bitcoin Price Prediction: $110K As MicroStrategy and Metaplanet Boost Stakes appeared on BitcoinEthereumNews.com.

Bitcoin(BTC) price is approaching a key resistance level near $110,000 after reaching a new yearly high above $103,000. The price rally follows large institutional investments from MicroStrategy and Metaplanet, who injected over $1.5 billion into Bitcoin this past week. Spot demand has also increased, and technical indicators show bullish momentum continuing in the near term. Institutional Investment Continues to Strengthen MicroStrategy and Metaplanet have expanded their Bitcoin holdings significantly in recent days. MicroStrategy increased its stake as part of its ongoing treasury strategy. Meanwhile, Japan-based Metaplanet raised $21.25 million through zero-interest bonds to purchase more Bitcoin. This move is part of its broader plan to use BTC as a reserve asset. According to filings released Friday, Metaplanet issued its 14th series of ordinary bonds, with all funds allocated to EVO FUND. These bonds will be redeemed in November 2025. “Metaplanet remains committed to building a strategic BTC position to support long-term balance sheet growth,” the company said in a statement. Such large-scale purchases signal continued institutional interest, even during short-term market cooling. With these firms acquiring Bitcoin at current levels, it suggests they view current prices as attractive for long-term accumulation. Institutional adoption continues to play a key role in supporting higher price targets for BTC. Bitcoin Price Prediction: Technical Indicators Suggest Room for More Price Growth Bitcoin price is maintaining a strong uptrend within a long-term ascending parallel channel, reflecting steady price growth supported by institutional interest. The asset recently rebounded from the lower boundary of this channel, located between $60,000 and $65,000, which has acted as a solid support zone in previous market cycles. Currently, Bitcoin is testing the midline of the channel—a level that has served as a resistance point multiple times in the past. A successful weekly close beyond this region may suggest the possibility of…

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Filed under: News - @ May 11, 2025 4:25 am