Bitcoin price stabilized near $103,000 on Wednesday, after Galaxy Digital lowered its 2025 price forecast from $185,000 to $120,000, citing a high volume of liquidations of leveraged positions, heavy selling by whales (major investors) exceeding 400,000 coins, in addition to decreasing liquidity in the markets.
Despite this adjustment, Galaxy has maintained a long-term bullish stance, citing increased institutional investment and the growth of exchange-traded funds (ETFs) as key drivers of the next bull cycle.
Galaxy lowers expectations and maintains positive outlook
On this subject, Alex Thorn, head of research at Galaxy, said that Bitcoin is currently going through what he described as a “maturity phase” characterized by more gradual and stable growth, and he added that price stability above the $100,000 level keeps the general bull market structure intact.
I lower my BTC bullish EOY target to $120,000 (previous $185,000)
I just sent this note to customers
whale distribution, non-BTC investments, treasury company malaise, and other factors contributed to BTC headwinds in 25
(the long term future remains optimistic, of course) pic.twitter.com/2aj1eoJlno– Alex Thorn (@intangiblecoins) November 5, 2025
On a related note, last month, markets experienced a sudden setback worth $20 billion, which temporarily caused the price of Bitcoin to fall below the $100,000 level, raising fears of a market decline. However, analysts pointed out that the 21% decline is in line with usual cyclical correction patterns.
Alex Thorne reiterated that Galaxy still maintains its confidence in Bitcoin’s strong foundations, anticipating a price recovery as markets stabilize and institutional investment increases.
Japanese company Metaplanet expands its portfolio with a $100 million Bitcoin-linked loan.
Metaplanet Inc., the largest Japanese company holding Bitcoin, announced a new $100 million loan from its $500 million credit facility backed by the same currency, in a bid to expand its investments and finance its revenue-generating projects.
The loan represents just 3% of its total reserves of 30,823 Bitcoins, currently valued at $3.5 billion, highlighting its conservative approach to using leverage. The company will dedicate part of the funding to its growing foreign exchange revenue generation business, which reached 24.4 billion yen ($160 million) during the third quarter of 2025, an increase of 3.5 times year-on-year.
Thus, Metaplanet aspires to increase its stake to 210,000 BTC by 2027, thus confirming its long-term strategy of accumulation despite market turbulence.
The Swiss company Future, founded by Adam Back, is strengthening the presence of institutions in the Bitcoin market.
Future, a Swiss company specializing in Bitcoin custody and institutional management, founded by Adam Back, has raised $34.5 million (28 million Swiss francs) in a funding round led by Fulgur Ventures, Tobam and Nakamoto Future Holdings. The company provides multi-signature custody, treasury management and financial advisory solutions to companies integrating currencies on their balance sheets.
UPDATE: Future, a Swiss Bitcoin treasure startup co-founded by Adam Back, raises $34.5 million to build a Bitcoin treasure/custodial platform. pic.twitter.com/auojYBWHZt – Cointelegraph (@Cointelegraph) November 5, 2025
Future was founded with the participation of a number of prominent leaders in the digital currency industry, including Julian Linger (Relai) and Mark Syz Capital, and the company seeks to consolidate its position as the leading Bitcoin vault management platform in Switzerland. This approach is consistent with the Swiss legislative framework consistent with the European Digital Asset Markets Regulation Act (MiCA), strengthening the country’s position as a European hub for Bitcoin adoption at an institutional level.
Bitcoin price forecast: first indicators of a trend reversal
Bitcoin price is stabilizing near $103,580 after losing some of its gains following its drop from $111,000 last week. The two-hour chart shows a falling wedge pattern, which is a technical pattern that often indicates decreasing selling pressure and the possibility of a bullish reversal. The formation of a bullish engulfing candle near $100,400 – the lower boundary of the pattern – indicates renewed buying interest.
Furthermore, the Relative Strength Index (RSI) rose from the 30 level to around 48, showing a clear bullish divergence. After the price regained its position above the 20-candle EMA, the breakout of the 50-candle EMA line at $104,200 appears to be a confirmation signal of a momentum shift to the upside.
An extended break above $106,300 (in line with the 200-bar EMA) could open a recovery path towards $111,000, while failure to hold $103,000 could see the price move back towards the $100,400-$97,600 range.
Commercial agreement details:
A bullish trade above $104,200 targeting $106,300 and $111,000 with a stop loss below $101,500.
Preview:
Despite short-term price pressures, Galaxy’s institutional expansion, Metaplanet’s thoughtful consolidation, as well as the growth of Swiss investment infrastructure, reinforce the view that Bitcoin’s long-term growth remains intact. It appears that the market is entering a temporary phase of relative stability in anticipation of another major move forward in light of growing institutional confidence.
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The article Bitcoin (Bitcoin-BTC) Price Forecast: Galaxy Cuts 2025 Forecast to $120,000 as Metaplanet and Adam Back Bolster Institutional Confidence Within the Market appeared first on Cryptonews Arabic.
