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Friday, February 7, 2025

Bitcoin Analyst Gives Date for $100K!

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Japanese Metaplanet bought another $3.3 million worth of Bitcoin, bringing its holdings to 303 BTC. Meanwhile, a crypto analyst predicts that Bitcoin will reach these peaks in the coming months.

Metaplanet is increasing its BTC!

Japanese investment firm Metaplanet Inc. continues to be bullish on BTC. The company announced that it has purchased an additional 57.1 bitcoins worth around $3.3 million. The Tokyo-listed firm said in a statement that it purchased an additional 500 million yen worth of BTC after securing a $6.8 million loan last week to buy more crypto. This brings Metaplanet’s total BTC holdings to 303,095 bitcoins, the company said.

Always save Bitcoin!”

Last week, Metaplanet took out a total loan of 1 billion yen ($6.8 million) with an annual interest rate of 0.1%. It also announced that it plans to allocate a large portion of the loan amount to purchasing BTC. Metaplanet CEO Simon Gerovich made a remarkable post on X today. “Always save Bitcoin,” Gerovich wrote.

In May, the company said it had begun adopting Bitcoin as a strategic treasury reserve asset. “This move is a direct response to persistent economic pressures in Japan, particularly high government debt levels, prolonged negative real interest rates, and the resulting weak yen,” the firm said in a statement at the time.

Here’s when Bitcoin will reach $100,000!

Cryptocoin.comAs you can see from , Bitcoin has been consolidating below $60,000 as investors await a possible breakout. However, there is still a consensus that BTC is poised for longer-term gains. For example, crypto analyst TradingShot says that Bitcoin is likely to reach $100,000 in the coming months. According to the analyst, Bitcoin’s recent pullback is merely a technical correction. Therefore, it is setting the stage for a strong bull run. TradingShot notes that over the past two weeks, Bitcoin’s price has been testing the 50-week moving average (1W MA50), a critical trend line that has only been touched once in the previous bull cycle.

Bitcoin price analysis chart. Source: TradingView/TradingShot

According to the current market dynamics, TradingShot predicts that Bitcoin will soon continue its rise with increasing momentum. In early 2025, Bitcoin is expected to break the $100,000 barrier under the influence of this more aggressive bull trend. Moreover, in the summer of 2025, Bitcoin is likely to reach the -0.618 Fibonacci extension level, a milestone that it has reached in previous cycles. In this regard, the analyst says, “We expect BTC to continue the rally and continue in a more aggressive tone than in the past and break above $100,000 in early 2025.”

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