The Japanese listed company Metaplanet is making moves! This company is preparing to learn from the American company Strategy and issue a new type of preferred stock. What is the money raised for? It's all going to increase their Bitcoin holdings!
What signal does this send? This is not just small retail investors making a fuss; this is a serious listed company using a formal method of issuing stock to invest real money into the Bitcoin market.
Japanese wealthy individuals are also getting restless and want to jump in to grab shares! This indicates that more and more traditional listed companies are beginning to view Bitcoin as a strategic asset that must be allocated.
I applaud this decision; it is definitely a long-term positive development, injecting real confidence and ammunition into the market!
It's not enough to just talk about the news; let's also take a look at the technical aspects. I drew a chart and noticed that Bitcoin currently has strong support around $88,000. If it drops to this level, funds will likely step in, like a big hand supporting it.
On the upside, the range around $90,900 to $91,000 has become a short-term resistance zone, and attempts to break through have been pushed back. The critical points are the previous high near $94,000 and the legendary $97,300. The current market is accumulating strength, waiting for an opportunity to explode.
So, what should retail investors do? Don't panic!
Keep an eye on news like Metaplanet: there will definitely be more companies following suit, which are all potential fuel for a bullish market.
From a technical perspective, the key level is to hold above $88,000; the market remains healthy. If it breaks through and stabilizes above $91,000, especially if it surpasses $94,000, then the sky could be the limit, aiming for $97,300 or even over $100,000.
If it falls below the $88,000 support, be cautious in the short term.
In short, the recent stock issuance by Japanese listed companies to buy Bitcoin has given the market a strong shot in the arm. Major institutions are using their actions to tell us that the narrative around Bitcoin is far from over.
The market is currently oscillating at a critical position, choosing its direction. Those who hold physical coins should hold steady; the wind may indeed be coming.
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Do you think this wave of institutional activity can push Bitcoin above $100,000? Let's discuss in the comments! #BTC #ETH



