Apr 30, 2025
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Metaplanet Appoints David Bailey to Strategic Board, Boosting Bitcoin Adoption
Bitcoin reached nearly $95,400 this week, driven by strategic moves from Metaplanet, which appointed BTC Inc CEO David Bailey to its Strategic Board of Advisors.
Key Developments
- Bailey's appointment follows Eric Trump's addition in March, enhancing Metaplanet's advisory strength.
- Metaplanet has accumulated 5,000 BTC over the past year, paralleling Strategy's aggressive Bitcoin strategy.
- Bailey's expertise in pro-Bitcoin narratives positions Metaplanet for deeper institutional engagement in the Bitcoin economy.
Market Analysis
- The RSI is at 66.79, indicating strong momentum but nearing potential exhaustion.
- The MACD shows bullish signals with buyers dominating the market.
- Bitcoin has broken through the 0.236 Fibonacci level at $90,441 and is close to its recent high of $95,409.
- A break above $95,409 may lead to a target of $100,000.
- A failure to surpass this level could result in a retracement to $87,367 or $84,383.
BTC Daily Chart | Source: TradingView