Metaplanet Grows in Japan by Acquiring Bitcoin.jp Domain
Acquisition of Bitcoin.jp: Metaplanet has acquired the Bitcoin.jp domain to enhance Bitcoin adoption in Japan and plans to launch initiatives like Bitcoin Magazine Japan and the Bitcoin Japan Conference by 2027.
Strategic Growth Plans: The acquisition aligns with Metaplanet's goal to increase its Bitcoin holdings to 21,000 BTC by 2026, positioning itself as a major player in the cryptocurrency market in Asia.
Revenue Generation: Bitcoin.jp will serve as a central hub for Bitcoin services in Japan, including affiliate programs and commercial activities aimed at boosting revenue and visibility for Metaplanet's operations.
Financial Outlook: The Bitcoin.jp domain will be classified as an intangible fixed asset, expected to contribute positively to Metaplanet's revenue in the future, although it won't significantly impact the company's fiscal year 2025.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36137.94 | 48068.97 | 60407.96 | 72338.99 | 84677.98 | 96609.01 | 108948 |
| Fibonacci | 48068.97 | 57340.118 | 63067.842 | 72338.99 | 81610.138 | 87337.862 | 96609.01 |
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