Notwithstanding instability caused by worldwide trade tensions, Japanese investment company Metaplanet is continuing with its aggressive strategy of Bitcoin prices by purchasing another 330 BTC. The most recent buy raises the total BTC holdings of the company to almost 5,000 and fits in with a series of purchases this month. Metaplanet is leaning in as many others are pulling back in line with the playbook set forth by U.S. firms like Strategy. The action indicates increasing corporate belief in the long-term value of Bitcoin as a Bitcoin reserve asset.
Despite price volatility, Metaplanet’s aggressive Bitcoin accumulation is consistent with the technical environment developed on April 20–21 and reflects growing institutional trust. This illustrates how business actors increasingly see Bitcoin as a long-term reserve asset and reflects tactics US companies use. Their belief strengthens positive technical indications and supports the idea that Bitcoin is becoming a more important part of institutional portfolios. Let’s take a look at Bitcoin price analysis to determine how this development impacts the price of Bitcoin.
Bitcoin Price Prediction for April 21, 2025
At 10:40 UTC on 20 April, the Bitcoin price broke down from a converging triangle and marked the day’s low at $83,950. However, the Bitcoin breakout from the converging triangle soon failed, and the price again moved sideways and formed another converging triangle. This new triangle broke out at 19:45 UTC, corroborated by a Golden Cross of MACD. Soon after, RSI reached the overbought region, which means above 70. That pushed the price lower and helped form a downward-moving channel. The downward-moving channel eventually broke out to the upside at 23:00 UTC, again supported by a MACD Golden Cross.
This time, price was able to break the resistance level at $85,350 at 00:10 UTC. On 21 April, price soon formed an upward-moving channel, which is a classical pattern after a breakout known as a spike and channel formation. BTC formed a support area at $87,050, marking the high of the day at 05:50 UTC with $87,750. If the support of $87,050 remains intact, then there might be a chance that the spike and channel trend continues. This newly formed uptrend could signal further strength in the Bitcoin market, as the structure remains bullish.
If the support breaks, then the price may revisit its previous resistance, which may act as a support zone at $85,350. This level had earlier been a strong resistance and could now be a critical point to watch for any pullback scenarios. Overall, the recent price actions show strong volatility and sharp technical movements supported by classic patterns and indicators like MACD and RSI. Traders should monitor key levels closely to judge whether the uptrend will continue or if Bitcoin will slip back to test previous supports.
Institutions Signal Long-Term Conviction
Metaplanet’s continued Bitcoin accumulation amid global uncertainty and technical volatility highlights a growing corporate belief in BTC as a long-term Bitcoin reserve asset. The firm reinforced its strategic conviction by adding 330 BTC during a key Bitcoin breakout phase, even as others tread cautiously. The recent price action, marked by classic breakout patterns and bullish indicators, supports the idea that Bitcoin’s momentum remains intact if key support holds. Whether this uptrend continues or faces a short-term pullback, one thing is clear: institutions like Metaplanet aren’t just speculating; they’re positioning for the future of finance, one Bitcoin at a time.
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