Bitcoin Price Forecast: Approaches $111K as Musk Supports BTC, Metaplanet’s $3.5B Investment Under Scrutiny

Bitcoin has regained attention as Elon Musk reiterates his support, labeling it as “energy-based” and “inflation-proof,” while the IMF cautions about increasing global market risks. Concurrently, Japan’s Metaplanet experiences a significant decline in valuation despite possessing over $3.5 billion in BTC.

Nevertheless, technical analysis indicates BTC is stabilizing around $111,000, with a triple-bottom formation suggesting a potential breakout towards $130,000 as institutional interest grows.

Elon Musk Describes Bitcoin as “Energy-Based and Inflation-Proof”

Elon Musk, the CEO of Tesla, characterized Bitcoin as “energy-based” and “inflation-proof,” contrasting it with “fake fiat” currencies. He emphasized that BTC’s proof-of-work mechanism prevents the generation of “fake energy,” unlike fiat currencies that governments can produce at will.

Musk’s comments were made in response to analyst ZeroHedge, who associated the rising prices of Bitcoin and gold with government expenditures on artificial intelligence.

This represents Musk’s most explicit statement regarding Bitcoin in almost three years, following his 2022 forecast of an extended bear market after the FTX collapse. His renewed support highlights Bitcoin’s function as a safeguard against inflation and its growing significance in an AI-driven economy, despite ongoing concerns regarding mining energy consumption.

JUST IN: Elon Musk states, “#Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.” pic.twitter.com/5cSOGzZINp

— Bitcoin Magazine (@BitcoinMagazine) October 14, 2025

In the wake of Musk’s remarks, Bitcoin regained traction, climbing towards $111,000 as investor sentiment improved and confidence in the asset’s long-term prospects grew.

IMF Issues Warning on Global Market Risks

The International Monetary Fund has alerted that global markets are becoming overly complacent regarding risks such as trade disputes, elevated debt levels, and inflated asset valuations. It warned that a sudden loss of confidence could lead to a “disorderly” market decline.

The IMF has just issued a stark warning: risk asset prices are “well above fundamentals,” increasing the likelihood of a “disorderly” market correction.
The International Monetary Fund’s semiannual Global Financial Stability Report, released Tuesday morning, cautions that investors have grown… pic.twitter.com/6BUOSaAWwQ

— Aiime (@Aiime_ai) October 14, 2025

This warning followed renewed tariff threats from former U.S. President Donald Trump, which briefly impacted both Bitcoin and equity markets. The IMF urged governments to enhance regulation of cryptocurrencies and stablecoins and to reduce fiscal deficits.

Despite short-term fluctuations, Bitcoin’s rapid recovery indicates that traders remain optimistic about its long-term durability.

Metaplanet’s Valuation Drops Below Its BTC Holdings

Metaplanet, Japan’s prominent Bitcoin treasury firm, has witnessed its enterprise value fall below the value of its Bitcoin assets for the first time. The company’s market-to-Bitcoin net asset value (mNAV) decreased to 0.99, suggesting that the market now values Metaplanet at less than its 30,823 BTC holdings, which are currently valued at approximately $3.5 billion.

This decline follows the company’s decision to halt Bitcoin purchases for two weeks, despite its reputation as one of Asia’s most aggressive corporate Bitcoin accumulators. Metaplanet’s stock has plummeted 75% since June, reflecting investor caution and broader uncertainty surrounding Bitcoin treasury strategies.

Metaplanet’s market-to-Bitcoin NAV has just fallen below 1 for the first time ever, indicating that the company’s market value is now less than the value of its Bitcoin holdings.
Metaplanet is trading at a discount to its Bitcoin, a rare occurrence for one of the largest public BTC holders. pic.twitter.com/yW8EKavdXX

— Satoshi Club (@esatoshiclub) October 14, 2025

Analysts, however, draw parallels to the initial skepticism surrounding Tesla, arguing that the selloff reflects market mispricing rather than flaws in Metaplanet’s model. They point out that the company’s substantial Bitcoin reserve and long-term accumulation strategy continue to bolster confidence in its balance sheet strength.

Meanwhile, Bitcoin traded steadily around $113,000, as analysts noted that Metaplanet’s holdings reaffirm institutional belief in Bitcoin’s long-term growth potential.

Bitcoin Price Forecast: Triple-Bottom Setup Aims for $130,000 Breakout

Bitcoin (BTC/USD) is forming a triple-bottom pattern near $109,600, a level that has prompted multiple reversals since late September. This setup suggests that selling pressure is diminishing while buyers gradually regain control.

On the two-hour chart, the 100-period SMMA at $116,676 coincides with the 0.5 Fibonacci retracement at $116,108, creating a significant resistance zone that could limit gains before a confirmed breakout.

Bitcoin Price Chart – Source: Tradingview

The RSI has bounced back from oversold conditions to 47, indicating early bullish divergence and a reduction in downside momentum. A bullish engulfing candle above $114,500 would validate the pattern and strengthen short-term buying power.

Bitcoin remains within a descending channel, but the TradingView path projection indicates a breakout towards $119,800, aligning with the 0.786 Fibonacci level. A close above $120,000 would signify a transition from consolidation to recovery, targeting $125,000 and $130,000 next.

Traders may seek long setups above $114,600 with stops below $109,500, aiming for $119,800 as the initial target. A move above the 100-SMA would confirm potential trend reversal. With volatility subsiding and institutional accumulation increasing, Bitcoin’s current base may act as the foundation for a sustained Q4 rally.

Bitcoin Hyper: The Next Evolution of Bitcoin on Solana?

Bitcoin Hyper ($HYPER) is introducing a new phase to the Bitcoin ecosystem. While BTC remains the benchmark for security, Bitcoin Hyper enhances what it has always lacked: Solana-level speed.

Developed as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it combines Bitcoin’s stability with Solana’s high-performance infrastructure. The outcome: rapid, low-cost smart contracts, decentralized applications, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the project prioritizes trust and scalability as adoption grows. And momentum is already significant. The presale has exceeded $23.4 million, with tokens priced at just $0.013105 before the next increase.

As Bitcoin activity increases and the demand for efficient BTC-based applications rises, Bitcoin Hyper distinguishes itself as the bridge connecting two of crypto’s largest ecosystems.

If Bitcoin laid the groundwork, Bitcoin Hyper could enhance its speed, flexibility, and enjoyment.

Click Here to Participate in the Presale

The post Bitcoin Price Prediction: Nears $111K as Musk Backs BTC, Metaplanet’s $3.5B Bet Faces Test appeared first on Cryptonews.