• Bitcoin holds steady above $114,000, showing strong market confidence and sustained institutional demand.
• MicroStrategy purchases $45 million worth of BTC, reinforcing faith in digital assets’ long-term value.
• Analysts target $118,000 resistance level, predicting a major rally toward potential new all-time highs.

Bitcoin continues to demonstrate strength as it regains a crucial support level and gains increasing institutional investment. The recent acquisition by Strategy of further BTC has added to market optimism. Market analysts expect that once it breaches the next level, it will reach a new all-time high.

At press, Bitcoin is trading at $115,153 with a 24-hour trading volume of $91.34 billion and a total market capitalization of $2.30 trillion. The price of BTC has risen by 1.36% over the last 24 hours, reflecting growing optimism among investors as momentum continues to build.

Saylor Expands Bitcoin Holdings Again

In a significant development, Watcher.Guru made a major announcement reporting that Michael Saylor’s company, ‘Strategy,’ has again added to its BTC investment by acquiring 390 more BTC, valued at $45 million.

This acquisition only helps to solidify Saylor’s belief in Bitcoin’s usefulness in hedging against inflation, and it’s clearly a superior way to preserve wealth. MicroStrategy is still one of the biggest institutional BTC holders, and it keeps acquiring more during periods when the market is consolidating.

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Bitcoin Poised For Major Rally

Meanwhile, popular analyst ‘Ted’ also pointed out that Bitcoin has successfully regained the critical support level of $114,000. This support level has played a significant role in past bullish patterns for BTC, and breaking it could lead to a major rally in the future.

Ted also added that Bitcoin’s next major target is the $118,000 resistance level. If it manages to overcome it, then a new all-time high could also happen in the coming one to two weeks.

Analysts are also closely watching Bitcoin’s market action, since the continuation of its upward trajectory could indicate a start to a new major bullish cycle. With increasing institutional interest and market indicators also pointing upwards, BTC seems to be preparing for a major breakout, after which market expectations could be completely turned around.

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