Eric Trump’s Strategic Move to Metaplanet Board Sparks Bitcoin Frenzy — Bitcoin Predictions Soar to $150K!

Bitcoin (BTC) is exhibiting active bullish momentum, with a price of around $87,471 on March 24, 2025, climbing 3.75% during the day. Coin prices reached an intraday high of $87,506 and a low of $84,306 today, suggesting that investors remain interested in the price movement. The price uptick comes on the heels of several strategic movements in the market these past few months—specifically, Metaplanet’s Bitcoin accumulation.

Metaplanet’s Aggressive Bitcoin Accumulation Strategy

Metaplanet has been very aggressive in increasing its BTC reserves with the purchase of an additional 150 BTC, for a total of 3,350 BTC, which is worth about $291 million.  The firm has ambitious goals to acquire 10,000 BTC by the end of 2025.  Adding to the excitement, Metaplanet appointed Eric Trump, the son of U.S. President Donald Trump, to its Strategic Board of Advisors.  Eric’s role is expected to add credibility to the company’s activities and, within the context of this role, will help advance Bitcoin’s adoption by institutional investors.

Bitcoin’s Wild Price Swings Keep Investors on Edge

This news comes during a highly uncertain time for Bitcoin. The cryptocurrency recently retreated from its peak of $103,853 down to below $95,000 before bouncing back. Some analysts think there is a chance of reaching a price of $150,000 in this cycle, while others remain largely pessimistic. Betting markets indicate that there is a 61% chance BTC will reach $110,000 but only a 14% chance that it will reach $200,000. Regardless of uncertainty, institutional interest remains a driving force behind Bitcoin’s price movements.

Given Metaplanet’s rapid Bitcoin accumulation and increasing mainstream attention from BTC reserve calls from sovereign institutions, Bitcoin’s next move is determined by some significant technical indicators. The following analysis will address important support and resistance levels while highlighting potential price action by BTC over the upcoming weeks.

Price Analysis and BTC Price Prediction

The trading session on March 23 began with Bitcoin trading within a narrow range and demonstrating very little volatility as it moved slowly upward. The MACD and RSI key indicators initially showed no clear sentiment, either up or down. A golden cross ultimately formed near 10:30 UTC, indicating the beginning of an upward breakout that led to price action moving swiftly upward, breaking out of the previous range, along with an influx of buying across the board. The next significant support and resistance levels to look for in Bitcoin are $84,635 and $86,500 in that order.

Chart 1, Analyzed by Alokravantmedia published on March 24, 2025.

Once Bitcoin price action moved up into the next range that was supported by increased bullish momentum, buyers began targeting a new level of resistance. Sellers attempted to establish their control at key moments in time, primarily at 11:50 UTC and 17:25 UTC, where a death cross converged upon an RSI, registering a state of overbought. During these pullbacks, the bullish momentum had not yet evaded Bitcoin, as it tacked higher in the established ascending channel.

As the trading day changed to March 24, further buying momentum produced another breakout, and with the RSI indicating a second overbought upon the death cross formation at 00:50 UTC, a second price pullback occurred. During the session, at 02:35 UTC, bulls regained buying pressure with the increasingly bullish momentum indicated by the Golden Cross formation. With the typically incremental bullish pressure, Bitcoin surpassed the $86,500 threshold, signaling a new support-resistance zone.

Bitcoin’s Uptrend Holds Strong, But Can Bulls Maintain Control?

The recent price increase of Bitcoin, driven by Metaplanet’s vigorous Bitcoin accumulation and rising interest from institutions, has supported market bullish sentiment. While volatility remains prominent across the market, BTC continues to hold its ground above important support levels, breaking through $86,500 and forming another level of resistance.

The BTC price analysis suggests although there have been brief dips, the bullish momentum is still solid as resistance levels are being tested. Analysts are still weighing the next major movement of Bitcoin price, with price targets in this cycle of $110,000 to $150,000.The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.

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