Key takeaways
- BTC is approaching the $113,000 mark again as bullish momentum builds.
- A decisive break above the $113k resistance could push BTC toward $117k in the near term.
Corporate entities continue buying more Bitcoin
The cryptocurrency market has started the week on a positive note, with most coins and tokens trading in the green. Bitcoin, the largest cryptocurrency by market capitalization, has moved above last week’s low near $107,000 and is now trading close to $113,000.
BTC is up 1.55% over the past 24 hours and is trading around $112,900. That momentum could allow Bitcoin to clear the $113,000 resistance level soon and extend the rally over the next several hours.
The positive performance is also supported by continued corporate accumulation of Bitcoin. Michael Saylor’s Strategy announced on Monday that it acquired 1,955 BTC for $217.4 million at an average price of $111,196 per coin and reported a Bitcoin yield of 25.8% year-to-date for 2025. As of September 7, 2025, Strategy holds 638,460 BTC acquired for roughly $47.17 billion at an average price of $73,880 per bitcoin.
Strategy acquired 1,955 BTC for ~$217.4M at ~$111,196 per bitcoin and has achieved a BTC yield of 25.8% YTD 2025. As of 9/7/2025, we hold 638,460 $BTC acquired for ~$47.17B at ~$73,880 per bitcoin. $MSTR $STRC $STRK $STRF $STRD
— Michael Saylor (@saylor) 8 September 2025
Japan-based Metaplanet also added 136 BTC to its reserves, bringing its total to 20,136 BTC, valued at over $2.2 billion at current prices. The company reported buying the 136 coins at 16.55 million Japanese yen each (about $111,830 per bitcoin). Metaplanet said it is working toward a target of holding 30,000 BTC by the end of the year.
BTC eyes $117k as bullish momentum strengthens
The 4-hour BTC/USD chart remains technically mixed despite Bitcoin’s recent upside move. Sentiment is shifting toward the bulls as buyers start to dominate the tape. A 63 reading on the RSI indicates buyers are in control and suggests BTC could move into overbought territory if momentum continues.
The MACD line is also in positive territory, reinforcing the bullish bias. If the rally holds, BTC could break above the $113,541 resistance within hours and target highs near $117,000. A sustained bullish advance could extend the move toward a fair value gap around $120,000.
That said, the market may still experience a pullback after the recent gains. In the event of a correction, Bitcoin could retest support around $111,000 over the coming hours. Traders should watch for confirmation of a breakout above resistance or signs of rejection that could lead to a short-term decline.