Bitcoin Price Eyes $140K as MACD Turns Bullish, Saylor Hits on Buys More

Bitcoin price has shown renewed momentum as a key technical signal appeared for the first time in months. The setup suggested that Bitcoin could prepare for a substantial price move alongside growing institutional interest and rising futures market activity.

BTC price could be gearing up for an upmove, however, it’ll be key for BTC to fulfill certain metrics that hinder price growth.

Bitcoin Price Technical Pattern Suggests Possible Rally Toward $140K

According to the latest MACD analysis on the 3-day timeframe, Bitcoin has just formed a bullish crossover. The Moving Average Convergence Divergence (MACD) is a widely followed momentum indicator to assess potential trend shifts.

A crossover occurs when the short-term moving average crosses above the long-term average, often interpreted as the start of a new upward trend.

Market analyst cas_abbe points out that the last time a similar bullish MACD crossover occurred in October 2024, Bitcoin surged 88.69% over the following three months. That rally saw the price rise by more than $50,000.

A similar setup has now reappeared. The new crossover is projecting a potential 71.25% increase from current levels, with the price target estimated near $140,000. Bitcoin is currently trading around $84,000 and is showing signs of forming a higher low, which further strengthens the bullish scenario.

Bitcoin Price Key Resistance at $89K May Act as Trigger Point

While technical signals support an optimistic outlook, price action near resistance remains critical. According to a separate analysis by CryptoCaesarTA, the $89,000–$90,000 range is an important area that could confirm broader bullish continuation if breached.

Bitcoin has recently broken out of a descending channel on the daily chart and is now establishing structure above the $81,000–$82,000 support zone. The analyst notes that a break and hold above $89,000 would solidify bullish momentum and could clear the path toward the $97,000 range and beyond.

Support levels to watch include $81,000 for short-term strength and $73,745 as a critical invalidation level. If Bitcoin fails to hold those levels, the bullish setup may weaken.

MicroStrategy Signals More Accumulation Ahead

Institutional interest remains strong, with MicroStrategy expected to announce a fresh round of Bitcoin purchases. According to data from the company’s portfolio tracker, it currently holds 531,644 BTC with an average cost of approximately $67,584 per Bitcoin.

The firm is in profit by more than $8.9 billion, which is a 25% return, at the current price of nearly $84,400. More recently, Michael Saylor, the company’s executive chairman, told ‘Insufficient Orange’ that the firm hasn’t finished its accumulation.

Data from the chart also shows that long-term held strategic positioning makes MicroStrategy’s most significant purchases at price retracements and consolidation phases, thus not during price trending.

These purchases were on the higher side, and many of these were in the $60,000-$70,000 range, showing again that the company is very confident about the long-term potential of Bitcoin. The market close to the crucial $90,000 resistance may see a confirmed new buy announcement to boost broader sentiment.

Futures Market Shows Elevated Activity and Confidence

Data from Coinglass claims that while Bitcoin’s price continues to increase, futures open interest has also been rising. Open interest stands at or near all-time highs, indicating capital flowing into leveraged products.

Rising price and open interest indicate growing confidence in the rally. However, historically, peaks in open interest have aligned with local tops—raising caution if sentiment shifts. Still, the backdrop of ETF inflows and strong institutional demand distinguishes current conditions from prior cycles.