An entertainment company based in China has made a major passage to Crypto, buying 300 bitcoin as well as the market is negotiated nearly $ 114,000.
Pop culture group (Nasdaq: CPOP), whose headquarters are in Xiamen, revealed the purchase of $ 33 million in a press release.
The company underlined the start of its digital asset treasure and a part of wider plans to connect its entertainment activity with web3.
He shared his investment plan in additional assets in Bitcoin, Ethereum and Bot to establish a diversified cryptography fund to finance entertainment focused on blockchain.
Bitcoin prices analysis: How is the Bitcoin trading post purchase?
Bitcoin holds nearly $ 114,400, with intraday movements between $ 113,200 and $ 114,700. The wider market remains optimistic as traders are betting on American rate drops after inflation data met expectations.
The synchronization of the entry of the pop culture group coincides with what analysts consider a key technical configuration for Bitcoin.
Merlijn, a crypto analyst, shared the graph on X, which shows that Bitcoin formed another “golden cross” when the 50-week mobile average is above the 200-week mobile average.
Bitcoin Recovery Stages | ETH explodes $ 4.4K | Altcoins on fire!
Look here:
pic.twitter.com/s16rpatzg0
– Merlijn the trader (@merlijntrader) September 11, 2025
This crossing is widely considered as a bullish signal.
In past cycles, golden crosses have preceded strong rallies. Bitcoin increased by 264% in 2015, 2,200% in 2016 and 1,190% in 2020 with the cross, the signal and record summits, respectively.
(Source – X))
Bitcoin is negotiated today between $ 113,000 and $ 114,000 in a consolidation band. The trend is similar to the previous stages, in which the assets established a background, then significant ascending movements.
Analysts observe that the long -term trend is characterized by higher highs and higher stockings.
Golden crosses do not predict future results, but history indicates that they tend to coincide with the start of multi -year growth cycles.
The question that traders are considering now is whether this last signal will lead to another giant rally or if it will cling to the middle of the resistance.
Bitcoin still runs the market, even if ETH erases $ 4,400 and altcoins warm up.
Crypto titan graphic analyst maintain A long -term Bitcoin goal of $ 129,000. The view is based on a reverse head and shoulder diagram that has resisted through recent oscillations.
(Source – X))
On the weekly graphic, the price has decisively broke out above the neckline, attracted by peaks 2021-2022.
This escape completes the model and points to a measured movement around $ 129,000. Bitcoin negotiates about $ 114,463 after a solid race earlier this year.
The retest nearly $ 80,000 acted as a clean assistance check before moving higher. As long as the price is above $ 110,000, the bullish affair remains intact. Losing this area and the momentum could fade.
According to Sosovalue data, Net entries have reached $ 757.14 million to date, the strongest in two months.
The green bars date back to the positive area after a difficult period, but a white line indicates a price that degenerates more than $ 113,500.
(Source: Total Bitcoin Etf Total Entrance, Soso value))
Previously, he witnessed outings in July and August. However, new institutional purchases restore confidence. This is important because constant FNB offers tend to amortize declines and can push the price upwards.
If $ 110,000 holds and the entries persist, $ 129,000 remain a realistic target. Otherwise, expect a slower version and deeper support tests
How do Chinese companies find crypto means despite restrictions?
The markets look at a drop in September after the American inflation data corresponds to the forecasts, which gives a boost to risk assets.
Bitcoin briefly crossed $ 114,000 as traders at the price of a basic point of 25 points in the federal reserve. IPC numbers remain at the heart of the fork in the short term.
There are still restrictions on exchanges on the continent, but companies related to China are still negotiated via registration abroad and the allocation of treasury shares.
The recent Bitcoin acquisition by Pop Culture Group reflects a larger trend in Asian companies experimenting with web3 strategies despite the declared restrictions.
ETF Spot flows lead to a large part of the price action, and the entries reach summits of several weeks this week, aligning with Bitcoin repulsive to resistance to $ 115,000.
Trading volumes in the last 24 hours remain strong, showing more influence on macro flows than disobiliation to retail.
Analysts see $ 115,000 as the key obstacle. A clear rupture could attract Momentum traders to pursue higher levels. Do not pass through can trap the BTC between $ 104,000 and $ 114,000.
The money from the Chinese post enters the image while Bitcoin Price slams $ 114,000 appeared first on 99Bitcoins.
