Bitcoin could be entering a bullish phase after new hints from MicroStrategy’s Executive Chairman, Michael Saylor. On August 17, Saylor posted on X, alluding to the possibility of increasing the company’s Bitcoin reserves. His remark that the amount of orange is insufficient is widely viewed as a suggestion that more purchases may be on the horizon.
🚨 LATEST: JPMorgan now expects the Fed to cut rates four times in 2025, starting as early as September and bringing the benchmark down to 3.25%–3.5%.
— CryptosRus (@CryptosR_Us) August 17, 2025
Wall Street is bracing for a full easing cycle – bullish fuel for risk assets and Bitcoin. pic.twitter.com/Ahykvridtk
Saylor’s comments carry weight in the crypto market, as previous announcements of MicroStrategy’s acquisitions have often triggered stronger buying activity and boosted sentiment. The idea of renewed institutional interest reinforces Bitcoin’s appeal as a long-term store of value and a hedge against economic uncertainty. Should MicroStrategy confirm additional holdings in its upcoming disclosure, analysts believe it could provide fresh momentum for BTC’s price trajectory. The anticipation of such a move places Bitcoin on a potentially bullish path in the short to medium term.
Key Bitcoin Levels To Watch – August 17
BTCUSD has reclaimed bullish momentum after holding above the $115,000 order block, signaling renewed strength in the trend. The price action shows a successful structure break and recovery, with the 9-day SMA aligning close to $118,770 as near-term resistance.
RSI is stabilizing around mid-levels, suggesting potential for upward continuation without overbought conditions. If buyers sustain pressure, the next upside targets sit around $123,000 and $125,000, with extended potential toward $130,000.
Bitcoin Key Levels
Resistance Levels: $125,000, $130,000, $136,000
Support Levels: $115,000, $108,000, $96,000
BTC Metrics
Total Market Capitalisation: $4.02T
Bitcoin Market Capitalisation: $2.35T
Bitcoin Volume: $45.76B
Market Rank: #1
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