Bitcoin Proxies Strategy, Metaplanet, and Boyaa Poised for Breakout Run
Much is still hanging on the market reading of President Trumps tariffs, which go into effect on Wednesday, but if positive, Bitcoin proxy companies Strategy, Metaplanet, and Boyaa, are all ready to breakout and head higher.
Strategy in a bull flag
Source: TradingView
Strategy, fresh from a recent huge purchase, worth $1.92 billion, now has a likely unassailable lead over other Bitcoin-oriented companies, as its holdings have grown to over 528,000 BTC.
Looking at the weekly time frame chart, it can be seen that a bull flag is now able to be drawn, which is extremely bullish going forward. Tuesdays more than 6% rise has moved the price back towards the top trendline of the bull flag, although it has met with some resistance here. Wednesdays open is suggesting a retrace back to $301, but with the Stochastic RSI indicator lines rising at the bottom of the chart, more upside momentum could be incoming.
Boyaa bull flag ready for breakout
Source: TradingView
Boyaa is a company that doesnt receive much mention in Western press, but it is the biggest holder of BTC in Asia, with 3,183 BTC, worth over $270 million. An online board and card game company would probably not be expected to rank high in Bitcoin circles, but this one certainly does.
The weekly chart, with data from the Hong Kong Stock Exchange, shows that the price is inside a bull flag, and is currently poised for breakout. If the breakout is successful, a measured move could take the price to over $8 HKD, which is more than double the current price.
Metaplanet at bottom of triangle and ready to rise
Source: TradingView
Metaplanet, listed on the Tokyo Stock Exchange, is more known in the West. After following Michael Saylors Strategy playbook, this company has received a new lease of life, with a price surge that took it more than 2,000% higher since it started buying Bitcoin in 2024.
Currently, the price is hovering at the bottom of the triangle, but a bounce may not be far off, as long as Bitcoin starts to reverse its downtrend. Upside targets are based on the Fibonacci levels in the chart above.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Text source: Crypto Daily™
