Technical analysis by SivaArjun about Symbol BTC: Buy recommendation (11/10/2025)

Billionaire Michael Saylor’s Bitcoin acquisition firm has expanded its holdings once again, purchasing 487 BTC for approximately $49.9 million between November 3 and November 9, 2025, at an average price of $102,557 per Bitcoin. This latest purchase brings the company’s total Bitcoin reserves to 641,692 BTC, acquired for about $47.54 billion at an average cost of $74,079 per BTC — representing a 26.1% BTC yield YTD 2025. The acquisition was financed through proceeds from preferred stock offerings (Series A: Strife, Stretch, Strike, and Stride) under its at-the-market program, avoiding dilution of common shareholders. Saylor’s firm remains the world’s largest corporate holder of Bitcoin, now valued at over $65 billion at current market prices. The company’s consistent, tranche-based accumulation strategy underscores its long-term conviction in Bitcoin as the premier digital asset for institutional capital preservation amid inflationary and monetary uncertainty. Summary Target: 📈 Bitcoin holdings: 641,692 BTC 💰 Total cost basis: ~$47.54B 🏷 Average cost: $74,079 per BTC 🎯 YTD BTC yield: +26.1% 🌐 Current valuation: >$65B Commentary: Saylor’s continued accumulation signals enduring institutional confidence in Bitcoin’s long-term potential, reinforcing its role as a cornerstone of digital asset treasury management. 📊 Market Sentiment Overview Michael Saylor’s continued large-scale purchases (487 BTC for $49.9 M) have added strong psychological support to the market. Such corporate accumulation typically boosts investor confidence, especially when it happens during volatility, signaling that major players view any dip below $100K as a buying opportunity. 🧭 Technical Outlook (as of Nov 10 2025) Immediate Support: $99,500 – $100,000 zone (key Fibonacci and psychological level) Major Resistance: $105,800 – $107,500 (last swing high and channel ceiling) Next Resistance Target: $113,000 – $115,000 (extension zone from breakout) Daily MA Trend: Price recovering above the 50-day MA; 200-day MA turning upward — bullish medium-term setup Momentum: RSI rebounding from 45 → 56, suggesting strengthening bullish momentum 📈 Short-Term Bias Bullish Above $100K — Saylor’s purchase acts as a “confidence floor.” A sustained close above $105K could trigger momentum traders to push toward $110K–$113K. ⚠️ Risk Scenario If $99,500 support fails, correction could extend toward $93,600 – $94,000 before fresh buyers step in. 🎯 Summary Target Primary Upside Target: $113,000 – $115,000 Secondary Target (mid-term): $120,000+ if momentum continues Support to Watch: $99,500 Traders View: Institutional accumulation (like Saylor’s) during uncertainty often precedes renewed uptrends. BTC/USD is showing signs of base-building above $100K, favoring a gradual bullish continuation toward $113K+ as long as the $99.5K support remains intact.