Bitcoin Price Forecast: Analysts Expect $116,000 Gain as BlackRock Demand Rise

• Bitcoin price is hovering around $109,700 today, holding above the $109,000 support but not above the $111,000–$113,500 EMA cluster.
• BlackRock's $66 million purchase of bitcoin for its Global Allocation Fund signals growing institutional adoption.
• Net inflows of $58.49 million signaled renewed accumulation, although open interest in futures fell to $78.1 billion due to cautious leverage.

Bitcoin is hovering around $109,700 today, falling below the $111,000–$113,500 resistance zone. Buyers are defending the $109,000 zone, but momentum has weakened after several unsuccessful attempts to reclaim the EMA zone. The market is currently weighing institutional investment against volatile technical indicators.

Bitcoin price holds key support but struggles with EMA

BTC Technical Analysis (Source: TradingView)

On the daily chart, Bitcoin is hovering around $109,700, with the 20-day exponential moving average (EMA) at $112,955 and the 50-day exponential moving average (EMA) at $113,351. Immediate support is found at $109,000, while deeper demand is concentrated near $107,300, marked by the 0.236 Fib retracement level.

RSI signals remain neutral, indicating a lack of confidence on both sides. The Supertrend indicator continues to point to resistance at $116,200, coinciding with the 0.5 Fibonacci level near $115,000. If buyers fail to reclaim $113,500, the broader configuration risks sliding into the lower consolidation channel.

BlackRock acquisition adds institutional tailwind

🇺🇸 $11 TRILLION BLACKROCK JUST BOUGHT $66,000,000 WORTH OF #BITCOIN FOR ITS OWN GLOBAL ALLOCATION FUND

HERE WE GO 🚀 pic.twitter.com/MX5sZ8B84Z

— Vivek Sen (@Vivek4real_) September 26, 2025

Market sentiment has improved significantly after BlackRock acquired $66 million worth of Bitcoin for its Global Allocation Fund. This highlights growing institutional adoption and bolsters confidence in the long-term bullish outlook.

Traders are watching to see if BlackRock's actions will trigger a wave of copying from other major asset managers. If such distributions continue, they could absorb supply faster than miners, confirming the likelihood of Bitcoin's next breakout.

Chain data shows positive net flows

BTC Netflows (Source: Coinglass)

Exchange data shows a net inflow of $58.49 million on September 27, signaling a resumption of accumulation at spot levels. While weekly flows remain volatile, the increase in deposits indicates improved demand after several weeks of mixed activity.

Historically, inflows over $50 million often precede a stronger upward movement if sustained. However, analysts warn that a single-day surge is insufficient to reverse the overall downward trend unless accompanied by growth in active addresses and sustained accumulation.

Open interest in futures reflects cautious leverage

BTC Derivatives Analysis (Source: Coinglass)

Derivatives data points to a weak backdrop. Bitcoin open interest fell to $78.1 billion, down 1.2% on the day. Options open interest also fell nearly 30%, reflecting a decline in speculative appetite.

Despite this, the ratio of long to short positions is showing an upward trend, with Binance's largest traders holding more long positions than short ones. This suggests that, despite the reduction in leverage, confidence among large accounts remains.

Bitcoin Price Technical Forecast

The short-term Bitcoin price forecast is based on the $109,000–$107,300 support level. A strong defense here will allow buyers to regroup for another attempt to reach the exponential moving average (EMA) cluster in the $111,700–$113,500 range.

• Growth levels: $113,500, $116,200 and $120,000 if momentum intensifies.
• Downside levels: $109,000 and $107,300, with a more serious risk to $106,000 if selling pressure intensifies.

Outlook: Will Bitcoin Rise in Price?

Bitcoin's outlook remains balanced. Institutional buying at BlackRock provides a strong long-term outlook, but technical momentum remains constrained by a cluster of exponential moving averages (EMAs). On-chain flows are showing early signs of recovery, although derivatives data reflects cautious leverage.

As long as Bitcoin holds above $109,000, analysts see potential for another attempt at recovery to $116,000. A decisive close above $113,500 would confirm this scenario, while a loss of $107,300 could shift attention back to $106,000 and delay the next leg of the rally.

Source: cryptonews.net