Metaplanet Teams Up With SBI VC Trade for Bitcoin Management
Metaplanet and SBI VC Trade Partnership: Japanese venture capital firm Metaplanet has partnered with SBI VC Trade to enhance its Bitcoin holdings and leverage SBI's secure services, aiming to position itself as a modern financial services provider in Japan.
Bitcoin Accumulation Strategy: Metaplanet has been aggressively accumulating Bitcoin, now holding 360 BTC valued at approximately $207 million, while also experiencing significant growth in its share price, reflecting a broader optimism in the crypto market.
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Technical Analysis for BCH
Technical Sentiment Analysis for Bitcoin Cash (BCH) As of , Bitcoin Cash (BCH) 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 BCH 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, BCH 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 Cash (BCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 305.873 | 364.437 | 442.673 | 501.237 | 579.473 | 638.037 | 716.273 |
| Fibonacci | 364.437 | 416.694 | 448.979 | 501.237 | 553.494 | 585.779 | 638.037 |
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