Bitcoin Price Analysis: BTC Struggling To Build Momentum And Reclaim $110,000
Bitcoin (BTC) is up a little over 1% as it looks to build momentum and reclaim the $110,000 level. Price action has been subdued after last week’s rally, which saw the flagship cryptocurrency race to a new all-time high. BTC is marginally up during the ongoing session, trading around $108,850.
Meanwhile, analysts believe BTC has not reached the peak of its current bull cycle, predicting a jump to between $220,000 and $330,000.
Arkham Intelligence Claims To Have Found Most Of Strategy’s Bitcoin Stash
Blockchain analysis company Arkham Intelligence claims to have identified previously undisclosed wallet addresses tied to Strategy, potentially exposing billions in Bitcoin holdings. The firm referenced Strategy co-founder and executive chairman Michael Saylor’s commitment to privacy, claiming it had found an additional 70,816 BTC linked to Strategy. The latest discovery is valued at $7.6 billion at current prices. The newly identified wallets bring Strategy’s total identified holdings to $54.5 billion. If the findings are accurate, Arkham has discovered most of Strategy’s Bitcoin stash and publicly associated the wallets with the firm.
“Saylor said he would never reveal his addresses. So, we did.”
Arkham’s discovery comes after Saylor discussed the risks of publishing wallet addresses. Speaking at the Bitcoin 2025 conference, Saylor stated,
“No institutional grade or enterprise security analyst would think it’s a good idea to publish all of the wallet addresses such that you can be traced back and forth.”
Saylor believes making Bitcoin wallets public allows every transaction to be scrutinized, exposing companies to risks that may not be immediately apparent.
GameStop Confirms First Bitcoin Purchase
US video game and consumer electronics retailer GameStop has confirmed its first Bitcoin purchase, announcing the acquisition of 4,710 BTC. However, the company has not specified how much it has paid or when the purchase was completed. The Form 8-K filing with the Securities and Exchange Commission (SEC) also provides few details. The value of the Bitcoin purchased is around $513 million at current prices. This is the first time GameStop has publicly acknowledged its Bitcoin purchase since announcing plans to move into Bitcoin investments.
Meanwhile, GameStop (GME) stocks have climbed significantly since the company announced its Bitcoin pivot, climbing 12% in March. Data from TradingView shows GME closed at $35 on May 27 and traded at $36.30 during pre-market trading. The stock is up 30% in the past 30 days, with year-to-date gains of around 10%.
Bitcoin Witnessing Surge In Corporate Adoption
Several other companies besides GameStop have pivoted to Bitcoin since Michael Saylor’s Strategy began purchasing the flagship cryptocurrency in 2020. Companies, including Metaplanet and Meliuz, have added to their Bitcoin holdings this year after adopting Bitcoin treasury strategies. Trump Media and Technology Group also announced plans for a $2.5 billion capital raise to purchase Bitcoin.
European Crypto Firm K33 Raises $6.2 Million For Bitcoin Purchases
Norwegian crypto brokerage firm K33 has raised 60 million Swedish krona ($6.2 million) to fund planned Bitcoin acquisitions. The company announced it had secured financing through convertible loans and a new issue of shares and warrants, which “will be used in full to acquire Bitcoin in order to establish the Bitcoin Treasury Strategy.” Warrants are zero-interest securities that investors can convert to equity at the same price. The raise would allow K33 to purchase up to 57 BTC at just over $108,000 per coin. K33 CEO Bull Jenssen believes that Bitcoin will be the best-performing asset in the coming decade, adding the company plans to accumulate as many as possible while unlocking powerful operational synergies with its brokerage operations.
“Why wait for the government to build a Bitcoin reserve when you can build your own? Initial financing is secured, and we are ready to accelerate from here!”
Jenssen also added that K33 is working with Bitcoin treasury companies in the Nordics, and hopes to use its Bitcoin treasury to offer new services.
“For K33, Bitcoin is not only a high-conviction asset — it’s also a strategic enabler. With a sizable BTC reserve, we will be able to strengthen our financial position while unlocking new revenue streams, product capabilities, and partnerships.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) remains pinned under $110,000 as it struggles to build momentum. The flagship cryptocurrency has been marginally down over the past 24 hours, trading around $108,730. Price action has been subdued this week after last week’s rally, which saw the price surge to a new all-time high. BTC briefly crossed $110,000 this week but could not sustain momentum, falling below the level. Despite subdued price action, BTC is up nearly 15% over the past month, and analysts believe sentiment around the asset remains positive.
Analysts believe that a BTC price peak is still 100%-200% higher than current prices, suggesting the flagship cryptocurrency’s uptrend could continue despite the recent pullback.
“But yes, I'm sure this cycle has peaked. Bitcoin cycles @ power law fit, a la 365-day SMA. At ~$110,000/coin today, the 365-dSMA is only touching the trendline; history shows each cycle moving 2-3x higher than this.”
According to the analyst, Bitcoin’s 365-day SMA typically peaks 2 to 3 times above the power law trendline in each cycle. With BTC around $110,000, analysts predict a potential cycle top between $220,000 and $330,000, aligning with historical patterns where the price has consistently crossed the trendline during bullish phases.
Bitcoin (BTC) ended the previous weekend positively, rising over 3% to $106,489. The price fell to an intraday low of $102,135 on Monday as selling pressure intensified but rebounded to reclaim $105,000 and settle at $105,572, ultimately registering a decline of almost 1%. BTC recovered on Tuesday, rising 1.21% to $106,854. The price continued to push higher on Wednesday, rising 2.57% to cross $109,000 and settle at $109,603. BTC surged to a new all-time high on Thursday, rising to $111,970 before registering a marginal decline and settling at $111,582. However, it lost momentum on Friday and plunged almost 4%, slipping below $110,000 and settling at $107,356.
Source: TradingView
The price recovered over the weekend, rising 0.46% on Saturday and 1.15% on Sunday to cross $109,000 and settle at $109,095. BTC started the current week positively, registering a marginal increase on Monday. However, it was back in the red on Tuesday, dropping 0.46% to $108,951. Selling pressure intensified on Wednesday as BTC fell over 1% and settled at $107,834. The current session sees BTC marginally up, trading around $108,560, as buyers look to build momentum and reclaim $110,000. However, a bearish MACD indicates sellers have the upper hand.
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.
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