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The Bitcoin price has slipped over 1% in the last 24 hours to trade at $92,243 as of 3:30 a.m. EST on a 37% plunge in trading volume to $37.6 billion.
The slip in the BTC price comes despite Metaplanet’s aggressive accumulation strategy, which saw the Japanese firm hit a 5,000 BTC milestone following its latest purchase of 145 BTC for $13.6 million.
This latest acquisition, at an average price of $93,327 per Bitcoin, pushed Metaplanet’s year-to-date BTC yield to 121.1%. In total, the company has invested around $428 million in the leading crypto, securing its holdings at an average price of $85,621 per BTC.
*Metaplanet Purchases Additional 145 $BTC, Total Holdings Reach 5,000 BTC* pic.twitter.com/rzZwvmmbw1
— Metaplanet Inc. (@Metaplanet_JP) April 24, 2025
Despite the growing institutional interest, the market has shown signs of short-term volatility, with prices failing to maintain upward momentum. Still, Metaplanet’s BTC-first approach underscores its long-term confidence in Bitcoin, aligning itself with other corporate giants betting on the cryptocurrency’s future.
Bitcoin Price Sets Its Sights On $100k Mark
Bitcoin (BTC/USDT) shows signs of a bullish reversal on the 1-day chart. The price is currently trading at $92,243, down about 1.57% from the day’s high of $93,787. Even though there’s been a slight dip, the overall market structure is leaning bullish.
Back in September and early October 2024, Bitcoin was stuck in a bearish channel, where the price kept dropping in a consolidation phase. However, once it broke out of that channel, it kicked off a strong upward move.
This breakout led to a sharp rally, likely driven by smart money. The price surpassed $100,000 and reached a key resistance zone around $106,000.
After hitting that high, Bitcoin started correcting, forming lower highs and lows. This led to a shift in market structure (MSS). Eventually, the price found solid support at nearly $80,000, creating a double bottom. This pattern, along with the MSS, is a classic sign of a bullish trend reversal.
BTCUSDT Analysis Source Tradingview
After the earlier trend reversal, Bitcoin formed a rounded bottom pattern, often called a “cup” in the cup-and-handle setup. This shows steady buying pressure building up over time. The recent breakout above the $90,000 resistance confirms this bullish trend.
While the rally seems to be gaining momentum, the price is approaching another resistance zone around $95,000, which might slow things down.
The Relative Strength Index (RSI) is at 63.75, showing strong bullish energy but placing BTC outside of the overbought zone. Since the RSI is also above its signal line (at 55.36), this supports a continued bullish outlook. Still, traders should watch for signs of RSI divergence or overbought conditions that might signal a short-term pullback.
Bitcoin has made a solid recovery from its March lows, backed by the double bottom at $80,000 and a shift in market structure. The breakout above $90,000 points to growing bullish strength, with the next short-term target likely in the $100,000–$106,000 range. However, if BTC falls below $90,000, it could drop to test the $85,000–$80,000 support area again.
BTC Bull Token Closes On $5 Million In Presale – Best Crypto To Buy Now?
As the Bitcoin price continues to push higher, its new competitor, BTC Bull Token (BTCBULL), continues to surge, pulling in over $4.9 million during its presale.
BTCBULL offers a unique twist where holders will receive free Bitcoin through airdrops as BTC hits new price milestones. The first airdrop is planned when Bitcoin reaches $150,000 for the first time, with more airdrops to follow at every subsequent $50,000 milestone.
#BTCBULL doesn’t skip leg day. 🐂
Join the $BTCBULL herd presale today: https://t.co/7eJGZriFZb
For any further enquires send a message to our team @BTCBULL_TokenPR pic.twitter.com/2Lp5TcUkYR— BTCBULL Official Team (@BTCBULL_TokenPR) March 16, 2025
The token also includes deflationary mechanics. A token burn will be triggered when Bitcoin hits $125,000, with more burns planned every time BTC’s price rises by another $25,000. This could reduce supply and potentially increase BTCBULL’s value.
Adding to the hype, popular crypto YouTube channel 99Bitcoins, with over 725k subscribers, has predicted that BTCBULL could surge 100x after launch.
In addition to its Bitcoin airdrops, BTC Bull Token offers an appealing 83% annual return through staking for its investors.
Currently priced at $0.002475, BTCBULL can be purchased directly from the official website, with payment options including crypto or a bank card.
With the price set to rise in less than 1 hour, now is the perfect opportunity for those looking to secure the best deal before the increase.
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