Bitcoin (BTC) Price Prediction: Bitcoin Holds Strong at $110K Support as Bulls Set Sights on $131K Breakout

Bitcoin price today is holding firm near the $110,000 mark after a volatile start to September, with bulls preparing for a potential breakout toward $131,000.

The rally comes as institutional demand strengthens, corporate treasuries expand their Bitcoin holdings, and traders eye technical indicators that suggest further upside.

Market Overview: Bitcoin Technical Analysis Shows Bulls in Control

On September 2, Bitcoin surged above $111,000, supported by heavy buying pressure and short liquidations across major exchanges. Data from CoinGlass showed nearly $60 million in bearish bets were liquidated in just four hours, underscoring the strength of the current momentum.

Bitcoin bounces off $110K support with bulls eyeing $118K and a $131K breakout. Source: @donaldjdean via X

Crypto analyst Donald Dean noted on X that Bitcoin is “moving higher off support,” identifying $118,000 as the next checkpoint and a longer-term target at $131,000. Dean’s outlook is supported by volume shelf analysis, a technique that highlights zones of strong historical trading activity. According to a 2023 Journal of Financial Economics study, including volume data improves short-term crypto predictions by up to 15%.

Still, risks remain. Popular trader Roman argued that Bitcoin’s failure to hold $112,000 may open the door for a retracement toward $100,000, a level he described as “critical” to sustain the broader bull market.

Institutional Demand: MicroStrategy and Corporate Buyers Fuel Bitcoin Rally

Institutional participation remains a dominant factor in Bitcoin news today. Software giant Strategy (widely compared to MicroStrategy for its aggressive Bitcoin strategy) disclosed a fresh purchase of 4,048 BTC worth $449.3 million at an average price of $110,981. The company now controls 636,505 BTC acquired at a total cost of nearly $47 billion, according to an SEC filing.

This latest acquisition was funded through a series of at-the-market equity offerings totaling $471.8 million. The move reflects growing corporate treasury adoption, with other firms such as Ming Shing Group ($483 million) and KindlyMD ($679 million) also announcing significant Bitcoin purchases in recent weeks.

If admitted to the S&P 500 index, Strategy could attract billions in passive inflows, embedding Bitcoin exposure deeper into mainstream equity markets.

Trend Factors: ETF Demand, and Halving 2025

The launch of the iShares Bitcoin Trust ETF (IBIT) in 2024 has been a game-changer for institutional flows, helping Bitcoin gain legitimacy on Wall Street. Analysts suggest ETF inflows could accelerate as the market approaches the next Bitcoin halving in 2025, historically a catalyst for major bull runs.

BTC tests critical resistance at the Timescape Level to secure the uptrend and prevent a Death Cross. Source: Keith Alan via X

“Strong technical resistance lives where the 100-Day SMA has confluence at the Trend Line,” explained Keith Alan of Material Indicators, highlighting the need for bulls to flip key resistance levels to maintain momentum.

Expert Insights: Bitcoin Forecasts Point to Volatility Ahead

While bulls target a Bitcoin price breakout above $118,000, experts warn of possible turbulence in September. Historical data shows that the third week of the month often brings losses, adding caution to otherwise bullish sentiment.

BTC hits a critical juncture at the bottom of its channel, with bulls fighting to prevent a potential downtrend. Source: Marcus Corvinus via X

Crypto analyst Marcus Corvinus described the market as being at a “critical moment,” noting that recent heavy bearish candles suggest some buyers may be losing control. “A breakdown here could confirm the end of the uptrend,” he said, though others remain confident in continued upside.

Despite these warnings, Bitcoin’s growing acceptance as both a corporate treasury asset and an inflation hedge suggests long-term strength. Institutional investors are increasingly drawn to Bitcoin’s Lightning Network and innovations like the Taproot upgrade, which improve scalability and transaction efficiency.

Final Thoughts: BTC’s Next Move and Long-Term Outlook

Bitcoin’s defense of the $110K support zone reinforces bullish momentum, with traders eyeing $118K and $131K as near-term targets. While some analysts caution that a dip toward $100K remains possible, institutional accumulation, ETF inflows, and the upcoming Bitcoin halving 2025 provide strong fundamental support.

As the crypto market evolves, Bitcoin continues to stand out as a leading inflation hedge and a cornerstone of institutional portfolios. The question now is whether the bulls can sustain momentum and deliver the long-awaited Bitcoin price breakout toward six-figure highs.