Bitcoin May Hold $109.5k Support, Eye $118k Breakout and Possible $131k–$135k Q4 Highs

Bitcoin tests $109.5k support, eyes $118k breakout, and aims for $131k-$135k as bulls target a new Q4 all-time high.

• Key support: $109.5k–$111.5k — hold this to favor a push to $118k and higher.

• Critical resistance: $118k — a sustained break would attract fresh buying and momentum.

• Institutional flow: Metaplanet reported acquiring 5,419 BTC (~$632.53M), reinforcing institutional demand.

Bitcoin price: Holding $109.5k support signals a push to $118k and Q4 ATH potential to $131k–$135k. Read levels, institutional buys, and trade guidance.

What is Bitcoin’s current price outlook?

Bitcoin price is trading around a key support zone at $109.5k–$111.5k; holding this area would likely trigger a recovery toward $118k and set the stage for higher targets near $131k–$135k. Failure to hold would likely test a bottoming range at $101k–$103k, but the broader Q4 bullish thesis remains intact.

How could Bitcoin reach a new all-time high in Q4?

Short-term momentum hinges on breaching the $118k resistance. A clean break above $118k typically increases buying pressure and volume, which historically precedes acceleration toward new highs.

Institutional accumulation supports the upside case. Public statements from market participants show large-scale buys, including a reported Metaplanet acquisition of 5,419 BTC for approximately $632.53 million at an average near $116,724 per BTC, bringing total holdings to 25,555 BTC. Such inflows provide liquidity and reduce available supply on exchanges.

What are the immediate trade levels and risk zones?

• Support: $109.5k–$111.5k — primary defensive zone for bulls.
• Trigger/resistance: $118k — confirmation of bullish momentum if cleared.
• Downside test: $101k–$103k — likely bottoming zone if support fails.

Bitcoin Holds at Critical Support Zone

Bitcoin’s daily chart shows the $109.5k–$111.5k range acting as a key barrier to further downside. Traders monitor this range for directional bias: holds favor recovery, breaches favor a corrective leg to lower support.

Crypto analyst CryptoBullet (public market commentary) noted that holding this support may lead to recovery and a break above $118k, which would validate the primary upside case of $131k–$135k.

If Bitcoin fails to sustain the support, traders should expect a correction into the $101k–$103k range, which can act as a stabilizing accumulation zone before any renewed rally.

Bullish Potential with New ATH Expectations

Breaking the $118k level would likely attract fresh buyers and higher volume, increasing the odds of accelerated upside toward record highs. Analysts highlight $131k–$135k as the primary upside projection if momentum sustains.

Volume spikes and reduced spot supply on exchanges (driven by institutional buys) are the two technical and fundamental signals to watch for confirmation of the breakout case.

Metaplanet Expands Bitcoin Holdings

Institutional participation remains a notable bullish signal. Simon Gerovich reported that Metaplanet acquired 5,419 BTC for approximately $632.53 million, averaging about $116,724 per BTC, increasing total holdings to 25,555 BTC with an average cost basis near $106,065.

Gerovich also noted a reported BTC yield of 395.1% YTD 2025 for Metaplanet. Such accumulation by institutions is commonly interpreted as reinforcement of long-term bullish scenarios.

Frequently Asked Questions

What should traders watch if Bitcoin loses $109.5k support?

If $109.5k fails, traders should monitor the $101k–$103k bottoming zone for potential accumulation. Reduced selling and rising on-chain transfers to custody wallets would signal institutional buying and a likely stabilization.

How quickly could Bitcoin reach $131k–$135k if $118k is cleared?

Speed depends on volume and macro liquidity. Historically, sustained volume above resistance leads to multi-week accelerations. Watch exchange inflows, spot volumes, and institutional announcements for pace clues.

Key Takeaways

• Support is critical: $109.5k–$111.5k must hold to favor the $118k trigger and higher targets.
• Resistance matters: A clean break above $118k increases the probability of $131k–$135k in Q4.
• Institutional buys: Large acquisitions, such as reported Metaplanet purchases, reduce available supply and bolster the bullish case.

Conclusion

Bitcoin price action at $109.5k–$111.5k is the near-term arbiter of direction. Holding this range favors a recovery to $118k and opens a path to $131k–$135k, supported by rising institutional demand and on-chain metrics. Monitor support, resistance, and volume for trade confirmation; investors should prepare for both scenarios as Q4 unfolds.