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The price of Bitcoin jumped 4% in the past 24 hours to trade at $110,959 as of 3:49 a.m. EST, on trading volume that soared 120% to $60.1 billion.
This BTC price rise comes as Michael Saylor claims that Bitcoin cash companies like Strategy can convert $100 million into BTC almost instantly. He also recently hinted at another strategic Bitcoin purchase.
The most important orange dot is always next. pic.twitter.com/N5GQOdqr6y
-Michael Saylor (@saylor) October 19, 2025
In an interview on the Market Disrupters podcast on Saturday, Saylor said that Bitcoin’s investment cycle is a thousand times faster than that of technology, real estate, oil, gas or “anything you’ve ever seen in your life.”
Strategy is the largest holding company of BTC, with 640,250 coins on its balance sheet. Its crypto holdings now represent nearly 2.5% of the total BTC supply.
Saylor’s remarks and his hint of another strategic buy come as Bitcoin managed to climb back above $110,000 earlier today. The rise coincided with a broader rebound in the crypto market, with traders appearing to regain confidence amid hopes of lower rates.
While the US-China tariff war remains a risk, can the price of BTC continue to soar, or will it reverse course?
Bitcoin Price Aims for New Highs as Uptrend Remains Intact
BTC price continues to show resilience after a brief pullback from the $120,000 zone, maintaining its long-term upward trajectory.
After a successful bounce near the $100,000 support zone, Bitcoin price is now trading around $110,959, signaling renewed bullish interest within a well-established uptrend.
Over the weekly period, the price of BTC has respected its parabolic curve since mid-2023, with multiple rebounds (indicated by green arrows) confirming the strong market demand in the event of a decline. Each retest of this sustained support produced higher lows, demonstrating the consistent bullish structure of the market.
Currently, the 50 simple moving average (SMA) on the weekly chart is $102,258 and trending higher, while Bitcoin price remains well above it. This positioning of the asset price reinforces the ongoing upward momentum, indicating that medium and long-term investors continue to favor accumulation over distribution.
Additionally, key horizontal demand zones around $70,000-$75,000 and $95,000-$100,000 have played a crucial role in stabilizing prices during recent corrections. The most recent rebound from this upper support zone suggests that buyers are aggressively defending it, keeping the overall structure intact.
Weekly chart for WBTC/USD (Source: TradingView)
Meanwhile, the relative strength index (RSI) is hovering around 51.93, indicating that Bitcoin is going through a period of consolidation as part of a broader uptrend. This neutral reading suggests that neither buyers nor sellers are currently dominant, which is often a sign of a strong continuation move.
Bitcoin Price Prediction: $130,000 in Sight as Bulls Apply Pressure
Considering the chart structure, the overall trend remains bullish, with higher highs and higher lows forming steadily since the start of 2023. If Bitcoin price maintains support above $102,000, it could soon attempt to breach the resistance near $115,000, opening the way towards $130,000.
Conversely, if selling pressure intensifies and Bitcoin price falls below $100,000, the next major support zone is at the $90,000 level, a previous area of demand.
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