{"id":95920,"date":"2025-09-12T03:08:13","date_gmt":"2025-09-12T03:08:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=95920"},"modified":"2025-09-12T03:08:13","modified_gmt":"2025-09-12T03:08:13","slug":"chinese-money-enters-the-picture-as-bitcoin-price-slams-114k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=95920","title":{"rendered":"Chinese Money Enters The Picture as Bitcoin Price Slams $114K"},"content":{"rendered":"

A China-based entertainment company has made a major move into crypto, buying 300 Bitcoin just as the market trades near $114,000.<\/span><\/p>\n

Pop Culture Group (NASDAQ: CPOP), headquartered in Xiamen, disclosed the $33M purchase in a <\/span>press release.<\/span><\/a><\/p>\n

The company emphasized the beginning of its digital asset treasure and part of wider plans to connect its entertainment business with Web3.<\/span><\/p>\n

It shared its plan to invest in additional assets in Bitcoin, Ethereum, and BOT to establish a diversified crypto fund to finance blockchain-oriented entertainment initiatives.<\/span><\/p>\n

Bitcoin Price Analysis: How is Bitcoin Trading Post Purchase?<\/h2>\n

Bitcoin is holding near $114,400, with intraday moves between $113,200 and $114,700. The broader market remains upbeat as traders bet on US rate cuts after inflation data met expectations.<\/span><\/p>\n

The timing of Pop Culture Group\u2019s entry coincides with what analysts see as a key technical setup for Bitcoin.<\/span><\/p>\n

Merlijn, a crypto analyst, shared the chart on X, which shows Bitcoin has formed another \u201cgolden cross\u201d when the 50-week moving average rises above the 200-week moving average.\u00a0<\/span><\/p>\n

Bitcoin Stages Recovery | ETH Blasts $4.4K | Altcoins on Fire!<\/p>\n

Watch here:https:\/\/t.co\/bCksAuGhg0<\/a> pic.twitter.com\/S16RPAtZG0<\/a><\/p>\n

\u2014 Merlijn The Trader (@MerlijnTrader) September 11, 2025<\/a><\/p>\n\n

This crossover is widely viewed as a bullish signal.<\/span><\/p>\n

In past cycles, golden crosses have preceded strong rallies. Bitcoin increased 264% in 2015, 2,200% in 2016, and 1,190% in 2020 with the cross, signal, and record highs, respectively.<\/span><\/p>\n\n

(<\/span>Source \u2013 X<\/span><\/a>)<\/span><\/p>\n

Bitcoin is trading today between $113,000 and $114,000 in a consolidation band. The trend is similar to previous stages, in which the asset established a bottom and then significant upward movements.\u00a0<\/span><\/p>\n

Analysts observe that the long-term trend is characterized by higher highs and higher lows.\u00a0<\/span><\/p>\n

Golden crosses do not predict future results, but history indicates that they tend to coincide with the beginning of the multi-year growth cycles.\u00a0<\/span><\/p>\n

The question that the traders are contemplating now is whether this latest signal will lead to another giant rally or whether it will hang in the middle of the resistance.<\/span><\/p>\n

Bitcoin is still steering the market, even as ETH clears $4,400 and altcoins heat up.<\/span><\/p>\n

Chart analyst Titan of Crypto <\/span>keeps<\/span><\/a> a long-term Bitcoin target of $129,000. The view rests on an inverse head-and-shoulders pattern that has held up through recent swings.\u00a0<\/span><\/p>\n\n

(<\/span>Source \u2013 X<\/span><\/a>)<\/span><\/p>\n

On the weekly chart, price broke decisively above the neckline, drawn against the 2021\u20132022 peaks.\u00a0<\/span><\/p>\n

That breakout completes the pattern and points to a measured move toward $129K. Bitcoin is trading around $114,463 after a strong run earlier this year.\u00a0<\/span><\/p>\n

The retest near $80K acted as a clean support check before the move higher. As long as price holds above the $110K area, the bullish case stays intact. Lose that zone, and momentum could fade.<\/span><\/p>\n

According to SoSoValue <\/span>data,<\/span><\/a> net inflows hit $757.14M as of today, the strongest in two months.\u00a0<\/span><\/p>\n

The green bars shoot back into the positive area following a rough period, yet a white line indicates a price that escalates over $113,500.\u00a0<\/span><\/p>\n


\n<\/span><\/span>(<\/span>Source: Total Bitcoin ETF Net Inflow, SoSo Value<\/span><\/a>)<\/span><\/p>\n

Previously witnessed outflows in July and August had been a drag on sentiment. However, new institutional buying is restoring confidence. That is important since consistent ETF bids tend to cushion the pullbacks and can push the price upward.<\/span><\/p>\n

If $110K holds and inflows persist, $129K remains a realistic target. If not, expect a slower grind and deeper tests of support<\/span><\/p>\n

How Are Chinese Firms Finding Ways Into Crypto Despite Restrictions?<\/h2>\n

Markets are leaning toward a September rate cut after US inflation data matched forecasts, giving risk assets a boost.\u00a0<\/span><\/p>\n

Bitcoin briefly crossed $114,000 as traders priced in a 25 basis point move from the Federal Reserve. CPI numbers remain central to the short-term range.<\/span><\/p>\n

There are still restrictions on trading in the mainland, yet the companies related to China still trade via overseas listing and allotment of treasury shares.\u00a0<\/span><\/p>\n

The recent Bitcoin acquisition by Pop Culture Group reflects a bigger trend of Asian companies experimenting with Web3 strategies in spite of stated restrictions.\u00a0<\/span><\/p>\n

Spot ETF flows are driving much of the price action, and inflows hit multi-week highs this week, aligning with Bitcoin\u2019s push back toward resistance at $115K.\u00a0<\/span><\/p>\n

Trading volumes over the last 24 hours remain strong, showing more influence from macro flows than retail churn.<\/span><\/p>\n

Analysts see $115K as the key hurdle. A clear break and hold could draw in momentum traders chasing higher levels. Failure to push through may trap BTC between $104K and $114K.\u00a0<\/span><\/p>\n

The post Chinese Money Enters The Picture as Bitcoin Price Slams $114K<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A China-based entertainment company has made a major move into crypto, buying 300 Bitcoin just as the market trades near $114,000. Pop Culture Group (NASDAQ: CPOP), headquartered in Xiamen, disclosed the $33M purchase in a press release. The company emphasized the beginning of its digital asset treasure and part of wider plans to connect its […]<\/p>\n","protected":false},"author":0,"featured_media":95921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-95920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95920"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=95920"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/95921"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=95920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=95920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=95920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}