$BTC Faces Resistance Test While Metaplanet Boosts Holdings to $1.78B

Bitcoin is consolidating just below the $119,841 resistance zone, with momentum indicators signaling caution. The narrowing gap between the 9-day and 20-day EMAs reflects slowing bullish momentum, while the MACD remains in negative territory, suggesting sellers still hold an edge in the short term. RSI levels in the mid-range point to neutral market sentiment, leaving room for movement in either direction.

A confirmed breakout above $119,841 could open the door to a push toward $122,000, while failure to clear this level may trigger a pullback toward $105,681 and potentially deeper supports at $103,985 and $101,508. Traders are closely monitoring these levels for potential entry and exit points in both long and short positions.

In the midst of this technical standoff, Japan-based Metaplanet has expanded its already significant Bitcoin treasury, purchasing an additional 463 BTC for approximately $53.7 million at an average price of $115,895. This move brings its total holdings to 17,595 BTC—valued at about $1.78 billion—at an average acquisition price of $101,422. Year-to-date, Metaplanet’s BTC yield has reached an impressive 459.2% in 2025.

This combination of institutional accumulation and critical technical levels sets the stage for potentially significant price action in the coming sessions.

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Read the full analysis: www.ecoinimist.com/2025/08/04/btc-faces-resistance-metaplanet-buy