Bitcoin (BTC) has surged past $108,000, reigniting excitement across the digital asset landscape. With momentum building and institutional adoption accelerating, investors are once again facing a critical decision: Is this the right moment to buy Bitcoin—or should you wait for a pullback?
A powerful combination of shrinking supply, strong technicals, and growing institutional confidence is fueling this latest rally. At the center of it all is a seismic shift in ownership—one that could redefine Bitcoin’s future.
BlackRock’s IBIT Nears Satoshi’s Legendary Holdings
The iShares Bitcoin Trust (IBIT), managed by asset management giant BlackRock, now holds over 636,000 BTC. This positions IBIT to potentially surpass Satoshi Nakamoto’s estimated 1.1 million BTC holdings by summer 2025—a symbolic milestone that underscores how far Bitcoin has come from its decentralized origins.
Already more than 57% toward that threshold, IBIT’s rapid accumulation reflects a broader trend: institutional validation of Bitcoin as a legitimate store of value. With over $46 billion in net inflows since launch and ETF demand showing no signs of slowing, Bitcoin is increasingly seen not just as speculative tech, but as a foundational asset in modern portfolios.
ETF expert Eric Balchunas has suggested that if Bitcoin reaches $150,000, IBIT could overtake Satoshi even earlier—driven by continued buying pressure from deep-pocketed financial institutions.
This isn’t just about numbers. It’s about narrative. The idea that a Wall Street titan like BlackRock could become the largest known holder of Bitcoin signals a profound shift in market psychology—one that strengthens long-term bullish sentiment.
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Should You Buy Bitcoin at $108K? Weighing the Pros and Cons
While the macro backdrop is undeniably strong, timing remains a challenge. Let’s break down the key arguments for and against entering the market now.
✅ Reasons to Buy Bitcoin Now
1. Relentless ETF Accumulation Reduces Available Supply
Every day, spot Bitcoin ETFs like IBIT purchase thousands of dollars’ worth of BTC. This consistent buying pressure removes coins from circulation, tightening supply at a time when new issuance is already constrained post-halving.
2. Strong Technical Breakout Confirmed
Bitcoin’s move above $105,000 wasn’t just psychological—it cleared a major resistance zone that had capped gains for weeks. This breakout suggests renewed bullish control and opens the door to higher targets.
3. Long-Term Fundamentals Remain Intact
Macroeconomic uncertainty, inflation hedging demand, and global liquidity trends continue to support digital assets. Combined with the halving’s supply shock and growing adoption, these forces point toward higher valuations over time.
4. Institutional Confidence Is at an All-Time High
When firms like BlackRock commit billions to Bitcoin, it sends a clear message: this asset class has matured. Such endorsements reduce stigma and attract even more capital from pension funds, endowments, and retail investors alike.
⚠️ Reasons to Wait Before Buying
1. Short-Term Overbought Conditions
Technical indicators such as the Relative Strength Index (RSI) show Bitcoin is currently in overbought territory. While not a sell signal on its own, it increases the likelihood of a near-term correction.
2. Profit-Taking Likely Around Psychological Levels
Traders often take profits at round numbers like $110,000 or $115,000. As Bitcoin approaches these zones, selling pressure may intensify, triggering short-term volatility.
3. Better Entry Points May Emerge
A healthy pullback to $102,000–$104,000 would align with prior support levels and offer improved risk-reward for new buyers. Patient investors might prefer to set limit orders rather than chase price.
What’s Next for Bitcoin? Price Outlook and Key Levels
Understanding where Bitcoin might go next requires analyzing both technical structure and market sentiment.
🟢 Bullish Scenario: $115K–$120K in Sight
If ETF inflows remain robust and investor appetite stays strong, Bitcoin could push toward $115,000–$120,000 within weeks. A close above $110,000 would confirm bullish dominance and potentially accelerate momentum.
🟡 Correction Zone: $98K–$102K Offers Opportunity
Even in a bull market, corrections are normal—and healthy. A dip into the $98,000–$102,000 range wouldn’t invalidate the uptrend. In fact, such a move could attract dip buyers and reinvigorate the rally.
🔵 Mid-Term Target: $130K–$150K by Summer
Should confidence solidify and macro conditions stay favorable, many analysts project Bitcoin reaching $130,000 to $150,000 by summer 2025. This trajectory depends heavily on sustained institutional buying and broader market stability.
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Frequently Asked Questions (FAQ)
Q: Is it too late to buy Bitcoin at $108K?
A: Not necessarily. While Bitcoin has risen significantly, its long-term growth potential remains intact—especially with ongoing ETF demand and limited supply. For long-term holders, entry at current levels can still be strategic.
Q: Could Bitcoin drop after hitting $108K?
A: Yes. Short-term corrections are common after sharp rallies. Overbought indicators suggest a pullback to $102K–$104K is possible. However, the overall trend remains upward unless key supports break.
Q: How does BlackRock’s BTC buying affect the market?
A: BlackRock’s accumulation reduces available supply and boosts credibility. As one of the world’s largest asset managers backs Bitcoin, it encourages other institutions to follow—creating lasting demand pressure.
Q: What happens if IBIT surpasses Satoshi’s holdings?
A: Symbolically, it marks a transition from cypherpunk origins to mainstream financial acceptance. Practically, it reinforces scarcity and strengthens investor confidence in Bitcoin as a long-term store of value.
Q: Should I sell my Bitcoin now for profit?
A: That depends on your goals. If you’re investing for the long term, selling now may mean missing future gains. But if you’ve met your target or want to rebalance risk, taking partial profits can be prudent.
Q: Are we in a new Bitcoin bull run?
A: Evidence suggests yes. Strong ETF inflows, rising on-chain activity, improving technicals, and increasing institutional participation all point to a developing bull cycle likely to extend through 2025.
Final Verdict: Buy Now or Wait?
For long-term investors, buying Bitcoin today still makes sense—even at $108K. The structural shifts underway, particularly institutional adoption via ETFs, are transforming Bitcoin into a core financial asset.
However, short-term traders may benefit from waiting for a pullback or using limit orders near key support zones like $102K–$104K. Timing the market perfectly is difficult; what matters most is having a clear plan aligned with your risk tolerance and investment horizon.
Bitcoin isn’t just rising—it’s evolving. From decentralized experiment to institutional favorite, its journey reflects growing trust in its scarcity, security, and role in the future of finance.
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