Bitcoin's Price Eyeing Breakthrough to $117K: Bitcoin Bulls Cheer as BlackRock Invests $169M in BTC

Record-high Bitcoin value ignites enthusiasm among traders and financial backers, as two significant factors harmonize: the surge beyond $117,000 and BlackRock's purchase of $169.3 million in Bitcoin.

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2025 September 18 . 3:49 AM

2 min read

Bitcoin market bulls aim for a $117,000 surge as BlackRock invests $169 million in digital gold

Bitcoin's Price Eyeing Breakthrough to $117K: Bitcoin Bulls Cheer as BlackRock Invests $169M in BTC

Bitcoin, the world's largest cryptocurrency, has seen a significant surge in value, breaking above the $111,000 mark. This latest price action has set the stage for what could be a significant leg higher in 2025, potentially bringing Bitcoin closer to its next all-time high.

On September 9, 2025, Bitcoin briefly exceeded $113,000 after weeks of sideways action. The rebound from a six-week low of $111K confirms strong support around the $110,000 level, and if momentum holds, BTC price prediction models are pointing to a possible run toward $120,000-$128,000.

A prominent analyst, @CryptoGodJohn on TradingView, predicts Bitcoin could retest $117,000 and potentially move toward $120,000. Technical indicators like MACD have flipped bullish, suggesting that momentum may carry Bitcoin toward the $120,000-$128,000 range in the near term.

The acquisition of 1,520 Bitcoin (BTC) worth $169.3 million on September 10, 2025, by BlackRock, the world's largest asset manager, has strengthened the company's Bitcoin holdings in the iShares Bitcoin Trust (IBIT) portfolio, which now holds 752,000 BTC. Larry Fink, BlackRock's CEO, has expressed support for Bitcoin as a long-term store of value.

The acquisition by BlackRock is a testament to the growing institutional interest in Bitcoin. Major financial institutions, especially US financial firms, have increased their Bitcoin investments recently and plan to further expand their allocations by the end of 2025. This trend is expected to continue with traditional investors preparing now to invest more in Bitcoin next year.

However, it's important to note that while the outlook for Bitcoin remains bullish, traders should stay cautious. A break below $110K could invalidate the current technical setup and trigger a deeper retracement. Macro risks such as geopolitical tensions and interest rate shifts also loom over markets, with some traders warning that external shocks could disrupt the rally.

Furthermore, only about 2 million BTC are left to be mined, and institutional adoption is accelerating, setting the market up for another major move. Hedge funds and wealth managers now account for 10-15% of spot Bitcoin ETF holdings, underscoring the deepening institutional footprint in the crypto market. BlackRock also made a $44.2 million allocation to its Ethereum ETF, signaling institutional confidence in crypto assets.

In conclusion, the latest price action and BlackRock's $169 million purchase have set the stage for what could be a significant leg higher in 2025. As institutional adoption continues to grow and macroeconomic factors align, Bitcoin could be poised for another major rally. However, traders should remain vigilant and cautious, as market volatility and external risks could potentially impact the price of Bitcoin in the short term.