Bitcoin Price Outlook: UAE Mining, Fed Turmoil & Sequans
Bitcoin price has climbed 1.75% to $111,700 in 24 hours, reflecting growing institutional and sovereign interest in the digital asset. Blockchain analytics firm Arkham Intelligence reports that the UAE government holds over 6,300 BTC (approximately $700 million) via Citadel Public Mining Group. This direct mining strategy makes the UAE the sixth-largest nation-state Bitcoin holder and underlines sovereign reserve building.
The dollar weakened after President Trump’s attempt to remove Federal Reserve Governor Lisa Cook, raising concerns over Fed independence. Market observers note that Fed turmoil is enhancing Bitcoin’s appeal as a hedge against political risk and central bank intervention.
Corporate adoption continues to expand. Paris-based semiconductor company Sequans Communications plans a $200 million equity raise to bolster its Bitcoin treasury. Sequans already holds more than 3,000 BTC (around $331 million) and targets 100,000 BTC by 2030. This move echoes MicroStrategy’s strategy of using Bitcoin reserves to reinforce corporate balance sheets.
On the technical front, Bitcoin price remains in a descending channel since peaking at $124,450. The 50-period SMA at $113,495 caps upward moves, while support at $112,000 holds short-term bearish pressure. A break above $116,850 could target $120,900 and revisit the August high near $124,450. Failure below $110,000 risks $108,695 and $105,150. If momentum and institutional demand persist, Bitcoin price may head toward $130,000, solidifying its status as a global digital reserve asset.
Bullish
The news is bullish for Bitcoin. Sovereign accumulation by the UAE and corporate treasury builds by Sequans increase institutional demand and reduce sell pressure. Fed turmoil undermines confidence in fiat and boosts Bitcoin’s appeal as a hedge. Historically, events such as El Salvador’s adoption or MicroStrategy’s heavy purchases triggered sustained price rallies. The technical setup also supports upside if Bitcoin breaks key resistance at $116,850. In the short term, we may see consolidation around $112,000–$116,000 before a breakout. In the long term, continued reserve builds and market confidence could push Bitcoin toward the $130,000 level.