Bitcoin Price Prediction Eyes $93K as Institutional Buyers Expand BTC Holdings

Metaplanet moved closer to establishing a U.S.-listed Bitcoin treasury platform after Super League shareholders approved its proposed investment. The transaction would transfer 2,100 BTC and $2.5 million into the Nasdaq-listed company.

Super League announced the approval on October 19, following its annual shareholder meeting on October 16. The agreement would give Metaplanet majority ownership and control of the company’s board.

However, the transaction remains subject to closing conditions, including required Nasdaq filings. The companies expect completion during the fourth quarter of 2026.

Strategy Expands BTC Holdings and Preferred Stock Buybacks

Strategy increased its Bitcoin holdings to 848,517 BTC after buying 267 coins during the week ending October 18. The purchase raised its balance from 848,250 BTC and brought its share of Bitcoin’s maximum supply to approximately 4.04%. Executive chairman Michael Saylor announced the new total on October 19.

Alongside the acquisition, Strategy repurchased approximately $193 million of STRC preferred shares. The company also raised its broader digital credit securities repurchase authorization from $2 billion to $3 billion. The higher limit gives management additional capacity for future buybacks but does not represent completed spending.

Strategy reported around $5.3 billion in dollar assets as of October 18, down from approximately $5.5 billion a week earlier. Saylor did not disclose the price paid for the latest Bitcoin purchase or identify its funding source.

During the preceding week, Strategy acquired 250 BTC for $21.5 million at an average price of $86,194 per coin. Management did not provide an updated breakdown of its designated dollar reserve and other cash balances.

Strive Adds 1,223 Bitcoin to Corporate Treasury

Strive also expanded its Bitcoin reserves, acquiring another 1,223 BTC at an average price of $81,734 per coin. CEO Matt Cole reported that the purchase lifted the company’s holdings to 36,818 BTC. At a market price near $82,000, the reserve carried a value above $3 billion.

The purchase followed two other acquisitions within eight days. Strive first added 3,311 BTC, then acquired another 2,822 BTC for about $235 million. Together with the latest transaction, those three purchases totaled 7,356 BTC.

Strive’s recent purchases exceeded Strategy’s latest weekly acquisition in coin volume. However, Strategy maintained a much larger overall position, holding more than 23 times Strive’s reported Bitcoin balance.

Bitcoin Price Prediction Faces $83,500 Resistance

Bitcoin price gained 1% after trading between $81,978 and $83,158. BTC crypto 20-day exponential moving average stood near $82,569, while the 50-day average sat around $80,563. This placed BTC below its 20-day average but above its 50-day measure, with both levels near the recent trading range.

Price action formed a descending consolidation channel after Bitcoin approached $87,000 in late September. The upper boundary ran through the $83,000 to $83,500 area, where sellers had repeatedly limited advances.

Analyst That Martini Guy also identified $81,500 as nearby support and $79,500 as the next major downside level.

Bitcoin remained between those support and resistance areas, with recent trading volume lower than during the earlier move toward $87,000. Buyers had not yet established a confirmed breakout above the channel’s upper boundary.

BTC Crypto Bull Flag Setup Places $93,150 in Focus

Bitcoin price prediction shows a possible bull flag continuation toward $93,150. That target requires Bitcoin to clear the $83,000 to $83,500 resistance zone with stronger buying volume. A sustained move above that range would first put $85,000 and the previous $87,000 to $87,500 highs in focus.

The bullish scenario also depends on Bitcoin preserving support near $79,500 to $80,000. A breakdown beneath that area would weaken the pattern and expose the 100-day exponential moving average near $77,079.

This article is for informational purposes only and does not constitute financial or investment advice. Bitcoin and cryptocurrency-related equities involve substantial volatility, dilution risks, and potential capital losses. Investors should conduct independent research and consult a qualified financial adviser before making investment decisions.