Bitcoin (BTC) Steady Climb to Nearly $95,400 This Week is Fueled by High-Level Strategic Moves

Tokyo-based crypto firm Metaplanet has appointed BTC Inc CEO David Bailey to its Strategic Board of Advisors, the company announced on Sunday.

The appointment comes after Metaplanet, which has been accumulating Bitcoin for over a year, reached the 5,000 BTC mark in March, and follows the addition of Eric Trump to the board in March.

*Appointment of David Bailey to Strategic Board of Advisors* pic.twitter.com/IWHVaSCKuW

— Metaplanet Inc. (@Metaplanet_JP) April 30, 2025

"We are pleased to announce the appointment of David Bailey, CEO of BTC Inc, to Metaplanet's Strategic Board of Advisors," the company said in a statement.

"Mr. Bailey brings a wealth of experience in the cryptocurrency industry, and we are confident that his expertise will be invaluable as we continue to grow our business."

BTC Inc is the parent company of Bitcoin Magazine and organizer of the Bitcoin Conference. Bailey is a veteran in shaping pro-Bitcoin narratives and public discourse, making him a valuable asset for Metaplanet as it pushes to deepen its institutional footprint in the Bitcoin economy.

As Metaplanet continues to buy Bitcoin BTC $94 953 24h volatility: 0.1% Market cap: $1.89 T Vol. 24h: $23.49 B and assembles this high-profile advisory board, investors are watching BTC closely.

Technical Analysis: Bulls in Control for Now

The current chart suggests that Bitcoin may be preparing for another leg upward, but caution is still warranted.

The RSI (Relative Strength Index) stands at 66.79, nearing the overbought threshold of 70. While this reflects strong bullish momentum, it also suggests the asset is nearing a potential short-term exhaustion point.

However, RSI has not yet diverged from price, so the trend remains intact.

Meanwhile, the MACD (Moving Average Convergence Divergence) continues to flash bullish signals. The MACD line is well above the signal line, with histogram bars showing strong positive momentum. This indicates buyers still dominate the market.

BTC Daily Chart | Source: TradingView

The Fibonacci Retracement Levels show Bitcoin has broken through the 0.236 level at $90,441 and is now hovering just below its recent high of $95,409. If BTC convincingly breaks past this high, the next resistance zone is at $100,000.

If Bitcoin sustains above the 0.236 Fibonacci level and breaches the $95,409 high, momentum from both macro and micro narratives, including Metaplanet's headline moves, could catapult BTC toward the six-figure milestone.

On the other hand, a failure to break above $95,409 could trigger a retracement toward the 0.382 level ($87,367) or even deeper to the 0.5 Fib level ($84,383) if bearish divergence forms on RSI or MACD begins to flatten.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedInoutput: Named Eric Trump to Its Strategic Board of Advisors

As part of its strategy to become a major player in the Bitcoin space, Tokyo-based crypto firm Metaplanet has appointed former President Donald Trump's son Eric Trump to its Strategic Board of Advisors.

The appointment, which was announced by the firm on Monday, comes as Metaplanet continues to assemble a high-profile advisory team to support its vision for deeper institutional integration of the world's largest digital asset.

"We are honored to welcome Eric Trump to Metaplanet's Strategic Board of Advisors," said a Metaplanet spokesperson. "Mr. Trump brings a wealth of experience in business, finance, and leadership, and we are confident that his expertise will be invaluable as we continue to grow our company and expand our footprint in the cryptocurrency industry."

Earlier this year, Metaplanet crossed the 5,000 BTC threshold in its ongoing accumulation strategy, which began in 2022.

This marks a significant milestone for the firm as it becomes one of the largest institutional holders of Bitcoin in Asia, comparable to firms like Strategy (formerly MicroStrategy) in the U.S.

Metaplanet's goal is to play a key role in integrating Bitcoin more deeply into the institutional and economic fabric of Japan and Asia.

The firm's interest in Bitcoin stems from its technical innovation, energy efficiency, and potential to foster greater financial inclusion.

Metaplanet is also developing its own proprietary technologies, aiming to revolutionize Web3 services