Bitcoin Slides to $113K But Metaplanet’s $3.7B Buying Plan Could Spark a Rebound?

The Bitcoin price slipped 2% in the last 24 hours to trade at $113,859 on a 13% increase in the daily trading volume to $87 billion as some traders sell the crypto.

Metaplanet’s $3.7B Bitcoin Bet Could Spark New Rally in BTC Price

Bitcoin price Drop comes despite Japanese firm Metaplanet announcing its plans to raise $3.7 billion to buy more Bitcoin. Often called “Asia’s Strategy,” the company aims to buy up to 210,000 BTC by 2027, about 1% of the total supply. If they succeed, Metaplanet could become the second-largest corporate Bitcoin holder after MicroStrategy.

This bold move shows strong confidence in Bitcoin as a key asset, especially as more companies move away from low-yield investments. Metaplanet plans to raise the money by issuing special shares, with all the funds going into buying Bitcoin.

Even though the company’s stock dropped after the news, the long-term message is clear: Metaplanet is going all-in on Bitcoin. If the plan works, it could boost demand and bring fresh energy to the Bitcoin market, especially as interest from big investors picks up again.

Metaplanet’s big Bitcoin bet sends a strong signal: major players still believe in BTC’s future, and this move could help push the market higher.

Bitcoin Retests Key Support After ATH – Could a New Rally Be Starting?

Bitcoin (BTC/USDT) is showing signs of strength again after bouncing off an important support level around $113,000. The price is now at $113,843, slightly up by 0.28% today.

The chart indicates that Bitcoin formed a rounded bottom pattern earlier this year, which is a bullish sign. After months of slow recovery, it finally broke above resistance in July, making a new ATH. Then it pulled back to retest the breakout level, which is now acting as support.

Before the breakout, Bitcoin was stuck in a sideways range for weeks, as traders waited for direction. That consolidation helped build momentum. Now, after the pullback and bounce, many traders believe Bitcoin could be setting up for another leg higher.

The area where Bitcoin is holding also lines up with past liquidity zones and a key order block, both places where buyers have stepped in before. This gives more confidence that the support will hold.

Bitcoin Eyes $149K as RSI Shows Strength

The RSI (Relative Strength Index) is currently at 58, showing that there’s room for the price to move up without being overbought. This suggests the rally still has fuel.

If the support continues to hold, Bitcoin could head toward its next target around $149,000. That level comes from measuring the breakout range and adding it to the recent highs.

Still, it’s important to watch closely. If Bitcoin drops below $113,000 again, it could fall back into the previous range between $105,000 and $113,000, which might delay the next move up.

So far, though, the signs look positive. A solid daily close above $116,000 could confirm that bulls are back in control and aiming for new highs.