Bitcoin price today is fueling optimism among traders and investors as two major catalysts collide — a breakout above $117,000 and a $169.3 million Bitcoin purchase by BlackRock.
This combination of technical and fundamental momentum has reignited talk of a potential rally toward $120,000 and beyond.
BlackRock’s $169M BTC Purchase Boosts Institutional Confidence
BlackRock, the world’s largest asset manager with more than $12.5 trillion under management, acquired 1,520 Bitcoin (BTC) worth $169.3 million on September 10, 2025. This addition strengthens the iShares Bitcoin Trust (IBIT) portfolio, which now holds an impressive 752,000 BTC.
BlackRock has acquired 1,520 BTC valued at $169.3 million, strengthening its Bitcoin holdings. Source: Whale Insider via X
The move comes alongside a $44.2 million allocation to BlackRock’s Ethereum ETF, signaling broad institutional confidence in crypto assets. Market data shows Bitcoin trading near $111,000 at the time of the purchase, making this a strategic accumulation during market consolidation.
Larry Fink, BlackRock’s CEO, has repeatedly expressed support for Bitcoin as a long-term store of value. His firm previously recommended that investors allocate up to 2% of their portfolios to BTC, citing its low correlation with traditional assets.
Bitcoin Price Targets $117K Retest — Setting Up for $120K+
BTC price briefly exceeded $113,000 on September 9, 2025, after weeks of sideways action. TradingView data shows Bitcoin rebounded from a six-week low of $111K, confirming strong support around $110,000.
Bitcoin is breaking above $111,000, with $117,000 emerging as a key target for the next potential price move. Source: @CryptoGodJohn on TradingView
Technical indicators like MACD have flipped bullish, suggesting that momentum may carry Bitcoin toward the $120,000–$128,000 range in the near term. Analysts also note that the April 2024 halving event continues to tighten BTC supply, historically a precursor to major price rallies.
Market sentiment has been further buoyed by expectations of pro-crypto U.S. policies and growing inflows into Bitcoin ETFs. According to Bloomberg data, hedge funds and wealth managers now account for 10–15% of spot Bitcoin ETF holdings, underscoring the deepening institutional footprint in the crypto market.
Key Market Context and Risks
While Bitcoin price predictions remain bullish, traders should stay cautious. A break below $110K could invalidate the current technical setup and trigger a deeper retracement.
Bitcoin (BTC) was trading at around $112,174, down 0.80% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
Macro risks such as geopolitical tensions and interest rate shifts also loom over markets. Some traders on X have warned that external shocks could disrupt the rally, despite strong institutional accumulation and favorable on-chain data.
Looking Forward: BTC Bulls Eye $120K as Institutional Momentum Builds
Bitcoin’s latest price action and BlackRock’s $169 million purchase have set the stage for what could be a significant leg higher in 2025. With only about 2 million BTC left to be mined and institutional adoption accelerating, the market appears primed for another major move.
For now, Bitcoin bulls are watching the $117,000 level closely. If momentum holds, BTC price prediction models are pointing to a possible run toward $120,000–$128,000 — a move that could bring Bitcoin closer to its next all-time high.