Bitcoin Price Analysis: BTC Reclaims $116,000 As Markets Recover

Bitcoin (BTC) has registered a sharp increase during the ongoing session, reclaiming $116,000 as markets rebounded. The flagship cryptocurrency is up 1.30%, trading around $115,560. Positive corporate earnings, favorable regulatory developments, and a $100 billion investment by Apple lifted stocks and crypto on Wednesday, with positive sentiment continuing during the ongoing session. Bitcoin (BTC) Could Soon Be A Part Of Retirement Accounts US President Donald Trump is expected to sign an executive order allowing crypto and other alternative assets in 401(k) accounts. The executive order will direct the Department of Labor to reevaluate its guidance on how the Employee Retirement Income Security Act can apply to alternative assets like real estate, private equity, gold, and digital assets like Bitcoin. The order also directs the Labor Department to clarify its position on fiduciary responsibilities while managing funds, including alternative assets. According to sources, the executive order addresses legal concerns around alternative assets in retirement plans. Retirement plans have historically invested in public stocks and bonds. Including alternative assets like Bitcoin (BTC) in retirement accounts is a significant development. BTC is already popular as a corporate treasury asset. Even a small percentage of 401(k) holdings allocated to BTC could have a substantial impact on demand. Plans to include Bitcoin in retirement accounts have been afoot for months, with reports in July stating that the White House was preparing an executive order to expand retirement account access to alternative investments like Bitcoin . Bitcoin (BTC) Rebounds After Midweek Tumble Bitcoin (BTC) bounced back to reclaim $116,000 thanks to positive corporate earnings, favorable regulatory developments, and a $100 billion investment by Apple. The slew of positive macroeconomic developments lifted the stock and crypto markets, allowing BTC to reclaim $116,000. The flagship cryptocurrency registered a sharp drop on Tuesday, falling to an intraday low of $112,707. However, it regained momentum to reclaim $115,000 on Wednesday and climbed above $116,000 during the ongoing session. Tether Chief Calls Bitcoin (BTC) “Undefeatable” Paolo Ardoino, CEO of Tether, has called Bitcoin “undefeatable” in a recent post on X. The praise comes as markets stumble and the flagship cryptocurrency faces renewed downward pressure. BTC’s price action was relatively muted this week before picking up to reclaim key levels and push above $116,000. Tether, under Ardoino, has increased its Bitcoin stash substantially. The USDT issuer holds nearly 80,000 BTC , worth over $9 billion at current prices. Tether has steadily increased its holdings, suggesting it sees value in the asset even when prices slide. Bitcoin (BTC) Price Analysis Bitcoin (BTC) has bounced back to reclaim $116,000 as market sentiment turns positive. The flagship cryptocurrency fell to an intraday low of $112,707 on Tuesday as selling pressure intensified. However, positive macroeconomic developments allowed BTC to reclaim $115,000 on Tuesday. The price is up nearly 2% during the ongoing session, trading around $116,720. President Trump’s latest executive order allowing alternative assets into 401(k) accounts has also boosted market sentiment. The executive order is significant because it opens up the fiscally conservative industry to more speculative investments, including Bitcoin. Several institutional investors and asset managers, including BlackRock, have supported the move. BlackRock Chairman Larry Fink said in his annual investor letter, “Private assets like real estate and infrastructure can lift returns and protect investors during market downturns. We need to make it clear: Private assets are legal in retirement accounts. They’re beneficial. And they’re becoming increasingly transparent.” Glassnode stated in a market report on Wednesday that profit taking among Bitcoin Short Term Holders (STH) has cooled, allowing prices to rebound. The firm highlighted that STH’s spending volume had fallen below the neutral level to 45%. According to the analytics company, the market is in a relatively balanced position, with 70% of STH supply in profit. Profit and loss taking among coins that are moving around is evenly split. “This is a level which aligns with the midline of prior bull phases, and is again not an atypical condition.” Market watchers are closely watching the behavior of STHs. On-chain analytics platform Checkonchain stated that the Bitcoin STH Spent Output Profit Ratio (SOPR) revealed that buyers who bought BTC near all-time highs are selling more than recent buyers. “Many recent top buyers and ‘Weaker’ hands are selling around their buy-in price and saying ‘get me out. What we want to see from here is a short, sharp dip into red territory, resolving back to a healthy green number. This confirms the bull is still in play.” BTC started the previous week in the red, dropping over 1% and settling at $118,069. It faced volatility on Tuesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline. BTC fell to an intraday low of $115,772 on Wednesday before rebounding to reclaim $117,000 and settling at $117,783, ultimately registering a marginal decline. Sellers retained control on Thursday as the price fell almost 2% and settled at $115,802. Bearish sentiment intensified on Friday as BTC dropped 2.10% to $113,365. Source: TradingView Sellers retained control on Saturday as BTC fell 0.67% to $112,601. Despite the overwhelming selling pressure, the price recovered on Saturday, rising 1.52% to reclaim $114,000 and settle at $114,307. Buyers retained control on Monday as BTC rose 0.69% to cross $115,000 and settle at $115,097. BTC lost momentum on Tuesday, falling to an intraday low of $112,707. However, it rebounded from this level to reclaim $114,000 and settle at $114,135. Buyers returned to the market on Wednesday as the price rose 0.80% to reclaim $115,000 and settle at $115,051. Bullish sentiment has returned during the ongoing session, with BTC up nearly 2%, trading around $116,800. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo