Bitcoin Price Analysis: BTC Bears Target $100,000 As Bulls Struggle To Regain Foothold

Bitcoin (BTC) has started the week in the red despite a weekend recovery that lifted the price from a low of $103,199 to beyond $105,000. However, the flagship cryptocurrency lost the $105,000 level during the ongoing session and is trading around $104,130. 

BTC closed below its daily support level on Thursday, slipping below the 20-day SMA to $105,662. It extended its losses on Friday and is down over 5% in the past week. 

Silk Road Founder Did Not Donate Bitcoin To Himself 

Silk Road founder Ross Ulbricht recently received a significant donation of 300 BTC, leading many to speculate he donated the coins to himself. However, on-chain investigator ZachXBT has revealed that while the donated Bitcoin came from questionable sources, it is unlikely to be a case where Ulbricht donated to himself. Ulbricht had been soliciting donations and received 300 Bitcoin worth $31.4 million, according to data from Lookonchain. The donated Bitcoin came from a wallet using a mixing service called Jambler, leading to speculation that the funds were from hidden profits from Silk Road. However, ZachXBT was skeptical that this was the case because “very few entities use Jambler.” He also claimed he found a potential demix for the donation. 

“It likely doesn’t appear to be a self-donation as people were claiming though it comes from questionable sources due to the flagged address.”

The on-chain investigator also stated that one of the addresses involved had exchange activity going back to late 2014, while another was active in 2019. 

“Both were depositing in size to Jambler at similar times as the 300 BTC Ross donor received from Jambler. Both had dormant BTC from Nov 2019 until the mixer deposits made from April to May 2025. Everyone was accusing Ross of a self-donation, so if anything, this proves it was a donation and not his secret stash because there was activity when he was away in prison.”

Buying Bitcoin Will Get Harder

Strategy Executive Chairman Michael Saylor believes it will get exponentially harder to purchase Bitcoin as more large companies and corporate entities pivot towards the asset. This week, Trump Media Group announced plans to allocate $2.4 billion to buy Bitcoin and build a treasury. Meanwhile, Tether, Softbank, and Strike’s Jack Maller launched Twenty One, with plans to add 42,000 BTC to its balance sheet. Metaplanet also announced its latest Bitcoin purchase, adding 1,088 BTC to its holdings. While shares of some of these companies have declined, Saylor maintained that holding Bitcoin on balance sheets has proved to be extremely popular. 

Saylor believes it will become exponentially harder to buy Bitcoin, with the Strategy co-founder bullish on the flagship cryptocurrency’s prospects. 

“Bitcoin is an idea whose time has come, and no force on earth can stop it.”

However, not everyone is on board. Microsoft has rejected the idea of adding Bitcoin to its reserves, with Meta shareholders also rejecting the idea this week. However, Saylor said Strategy will continue buying Bitcoin, stating, 

“We think it will get exponentially harder to buy Bitcoin, but we will work exponentially more efficiently to buy Bitcoin.”

Metaplanet Announces Latest Bitcoin Purchase 

Japanese investment company Metaplanet has become the world’s eighth-largest corporate holder of Bitcoin (BTC) after announcing its latest purchase worth $117.9 million. The company’s latest purchase makes it the world’s ninth-largest corporate holder of Bitcoin as it continues its aggressive buying strategy. Metaplanet announced the purchase of 1,088 Bitcoin for $117.9 million at an average price of $108,400, taking its total holdings to over 8,888 BTC. 

“Metaplanet Acquires Additional 1,088 $BTC, Total Holdings Reach 8,888 BTC.”

Corporate purchases of Bitcoin indicate growing institutional interest and confidence in the asset and the current bull market cycle. Metaplanet’s purchase comes amid rising uncertainty in Japan’s bond markets.

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) is struggling to regain momentum after suffering a substantial decline last week. The flagship cryptocurrency recovered over the weekend, but not before dropping to a low of $103,199. Analysts have stated that a decline was expected after the rally as long-term holders locked in their profits, with buyer exhaustion also weighing the price down. With sellers gaining the upper hand, BTC could dip to $100,000 or lower if current sentiment persists. However, analysts are unanimous in stating that the current pullback should not be viewed as a bearish signal, indicating it is an excellent buying opportunity. 

“This potential pullback should not be viewed solely as a sign of weakness. In many bull cycles, such corrections and shakeouts serve to flush out over-leveraged positions and reset sentiment, ultimately laying the groundwork for renewed upward momentum.”

BTC’s consolidation phase can be a healthy development, providing the market with a sustainable foundation for the next leg of its rally as leveraged positions reset and spot demand consolidates. Bitfinex analysts stated, 

“Bitcoinʼs ability to continue to consolidate above its short-term holder cost basis around $95,000 remains key. The coming weeks will likely determine whether Bitcoinʼs latest breakout was a local high or the prelude to a more aggressive leg higher in Q3.”

BTC registered a sharp decline on Friday, dropping nearly 4% and settling at $107,346. The price recovered over the weekend despite the selling pressure, rising 0.56% on Saturday and 1.16% on Sunday to cross $109,000 and settle at $109,103. The price continued pushing higher on Monday, registering a marginal increase and settling at $109,453. However, it was back in the red on Tuesday, dropping 0.46% to slip below $109,000 and settle at $108,954. Sellers retained control on Wednesday as the price fell 1.03% and settled at $107,834.

Source: TradingView

Selling pressure intensified on Thursday as BTC fell over 2%, slipping below the 20-day SMA and settling at $105,662. Selling pressure persisted on Friday as BTC fell 1.51%, falling below $105,000 and settling at $104,067. Despite the overwhelming bearish sentiment, BTC recovered on Saturday, rising 0.69% to $104,784. The price continued to push higher on Sunday, increasing nearly 1% to reclaim $105,000 and settle at $105,775. However, BTC is back in the red during the ongoing session, with the price down almost 2%, slipping below $105,000 and trading around $104,100. If sellers retain control, BTC could slip to $100,000 or lower.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.