Bitcoin Nears $100K as MicroStrategy Announces $2 Billion BTC Plan
The price of Bitcoin (BTC) has risen by 4.81% in 2025, reaching around $98,019 as of January 4. While this is a significant recovery, BTC needs to surpass the $100K mark to confirm a bullish trend. This milestone could lead to a rally toward its all-time high (ATH) of $108,421.8. However, the crypto market remains uncertain, with only a few altcoins showing strong recoveries.
MicroStrategy’s $2 Billion Bitcoin Plan
MicroStrategy, led by Michael Saylor, has unveiled plans to raise $2 billion in early 2025 to buy more Bitcoin. The company already owns 446,400 BTC (worth $43.79 billion) at an average cost of $62,428 per BTC, representing 2.13% of Bitcoin’s total supply. Despite this large holding, the market remains unaffected by their buying spree in the short term.
Bitcoin’s Market Situation
Bitcoin’s current price movements show uncertainty. Since the December ATH, BTC has dropped but found support at $93.2K, recovering slightly since January 1. To shift momentum, BTC needs to break the $100K barrier.
Key technical details:
- Resistance is strong between $97.5K and $99.6K.
- BTC could either:
- Face rejection and drop to the $94.4K–$94.9K range.
- Break $100K but then pull back into the same range.
- Break $100K and push toward the ATH of $108,421.8.
However, weak investor activity and a lack of daily active addresses cast doubt on a sustained recovery.
BlackRock’s BTC Outflow
While MicroStrategy is buying, BlackRock, the world’s largest asset manager, recently sold $333 million worth of Bitcoin, the largest outflow in its ETF history.
Conclusion
Bitcoin’s bullish trend depends on surpassing $100K and sustaining upward momentum. Until then, the market outlook remains uncertain, and MicroStrategy’s $2 billion plan is unlikely to impact prices in the short term.
