Gemini AI has identified Bitcoin’s next major price levels as Strive expands its holdings with a 1,355-BTC purchase and U.S. spot Bitcoin ETFs attract nearly $1 billion in a single day.
Bitcoin (BTC) has surged more than $10,000 in less than a week, with corporate buyers adding further momentum to the rally. Gemini AI expects the advance could continue, although the next few sessions may determine whether Bitcoin has entered a new uptrend or whether the move was primarily driven by short covering. BTC is trading near $85,340, up 4.6% over the past 24 hours after reaching an intraday high of $87,330.
The latest move marks a major reversal from earlier in the month. Bitcoin had dropped to around $75,000 following the Senate’s failed CLARITY Act vote and the Federal Reserve’s first interest-rate hike since 2023.
Bitcoin has since recovered above $85,000 for the first time since January. Trading volume over the past 24 hours has reached $62.6 billion, while BTC’s market capitalization has climbed back above $1.71 trillion.
Strive has added to the buying pressure. The asset manager acquired 1,355 BTC for $107.7 million, paying an average of $79,475 per coin. The purchase increased Strive’s Bitcoin treasury to 26,355 BTC, with the holdings now valued at more than $2.2 billion.
The latest acquisition was considerably larger than the company’s previous purchase. Strive bought 469 BTC for $36.6 million last week, meaning this week’s purchase was roughly three times bigger. The company financed the acquisition through non-dilutive preferred equity rather than debt. Preferred shares accounted for 57.7% of the total capital raised, while warrant exercises generated $21.2 million in gross proceeds.
Strive has also established a regular Monday schedule for announcing its Bitcoin purchases, making the updates an increasingly watched signal for the market.
The company is not the only corporate buyer returning to Bitcoin. Strategy purchased another 950 BTC on Monday after pausing its acquisitions for several weeks.
ETF Demand Adds to Bitcoin’s Momentum
Corporate treasury purchases are attracting attention, but Bitcoin ETF flows provide a broader indication of institutional demand. Those flows have recently shifted sharply higher.
U.S. spot Bitcoin ETFs recorded $999 million in inflows on September 21, marking their strongest daily performance in several months. BlackRock’s IBIT accounted for $381.4 million, while ARK’s ARKB attracted $289.1 million and Fidelity’s FBTC received $238.8 million.
The latest inflow was enough to erase the $746 million in combined outflows recorded on September 15 and 16, when uncertainty surrounding the CLARITY Act weighed on investor sentiment.
Spot Bitcoin ETFs now hold roughly $103 billion in net assets, while cumulative inflows since their launch have reached $56.62 billion. The latest figures show that institutional investors have been adding exposure during the recent market weakness rather than reducing their positions.
Bitcoin’s technical structure has also strengthened. BTC moved above $82,303 on Monday, breaking through a level that had previously capped rallies in both May and September. That former resistance is now emerging as an important support level. Bitcoin continued higher to $87,330 before giving back some of its gains.
Gemini AI’s Key Bitcoin Levels
$82,300 support:
Bitcoin needs to hold above this former resistance level to maintain the current breakout. Daily closes above $82,300 would keep the bullish structure intact.
$90,000–$92,000 target:
If ETF demand remains strong and buying pressure continues, Bitcoin could next challenge the $90,000–$92,000 area, where relatively little resistance currently stands.
$98,330 resistance:
The $98,330 level, which dates back to 2025, represents a major hurdle before Bitcoin can approach $100,000. Gemini AI suggests reaching that level could take until the end of the year.
The biggest risk is the speed of the rally. Bitcoin has gained about 13% in less than a week, while its 1.4% retreat from the latest high shows how quickly a squeeze-driven move can lose momentum. A daily close below $82,300 could bring the $73,836 level back into focus.
For now, however, both corporate Bitcoin treasuries and spot ETF investors are continuing to provide buying pressure during the latest market move.
