Key takeaways
- BTC is approaching the $113k mark once more because the bullish momentum grows.
- Surpassing the $113k resistance degree might see BTC surge in direction of the $117k mark within the close to time period.
Company entities proceed to purchase extra Bitcoins
The cryptocurrency market is having a optimistic begin to the week, with most cash and tokens at the moment within the inexperienced. Bitcoin, the main cryptocurrency by market cap, overcame the $107k low final week and is now buying and selling near the $113k mark.
BTC is up by 1.55% within the final 24 hours and is now buying and selling at $112,900. The rally might see BTC surpass the $113k resistance degree within the close to time period and rally greater over the following few hours.
The optimistic efficiency additionally comes as company entities proceed to extend their publicity to Bitcoin. Michael Saylor’s Technique introduced on Monday that it acquired 1,955 BTC for $217.4 million at $111,196 per bitcoin and has achieved a BTC Yield of 25.8% YTD 2025. As of 9/7/2025, Technique holds 638,460 $BTC acquired for $47.17 billion at $73,880 per bitcoin.
Technique has acquired 1,955 BTC for ~$217.4 million at ~$111,196 per bitcoin and has achieved BTC Yield of 25.8% YTD 2025. As of 9/7/2025, we hodl 638,460 $BTC acquired for ~$47.17 billion at ~$73,880 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/QNIuAWRwEW
— Michael Saylor (@saylor) September 8, 2025
Japanese-based Metaplanet additionally added 136 Bitcoin to its reserves, growing its whole holdings to twenty,136 BTC, valued at over $2.2 billion at present costs. In accordance with the corporate, it bought 136 bitcoins for 16.55 million Japanese yen ($111,830) per coin. Metaplanet is transferring in direction of its goal of hitting 30,000 Bitcoins earlier than the tip of the yr.
BTC eyes $117k as bullish momentum grows
The BTC/USD 4-hour chart stays bearish regardless of Bitcoin’s current optimistic run. The sentiment is, nevertheless, shifting bullish as consumers start to dominate the market. The RSI of 63 exhibits that consumers are in management, and BTC might quickly enter the overbought area.
The MACD traces are additionally inside the optimistic territory, indicating a bullish bias. If the rally continues, BTC might break above the $113,541 resistance over the following few hours and goal the $117k excessive. An prolonged bullish run would see BTC rally in direction of the $120k FVG.
Nonetheless, the market might encounter a correction following the current rally. If that occurs, BTC might retest the $111k low over the following few hours.