Bitcoin is once again in the spotlight this week as the price hovers just below the psychological $100K mark, fueled by institutional moves and looming macro catalysts. With a key Federal Reserve meeting set for May 7, and Japanese firm Metaplanet making another bold Bitcoin acquisition, all eyes are now on whether BTC is preparing for a decisive breakout—or bracing for a correction.
BTC Price Approaches Major Resistance at $100K
The BTC/USD chart shows a strong upward move over the past two weeks, pushing Bitcoin to $96,985 at the time of writing. After rebounding from the $78K region in April, Bitcoin has formed a bullish structure with higher lows and consistent buying pressure.
Source: Tradingview
Volume remains healthy, and technical indicators point toward growing momentum. The $100K resistance zone, however, remains a crucial barrier. A clean breakout would likely signal continuation toward the $110K–$115K range, while rejection could push BTC back into the $88K–$90K support zone.
Metaplanet Buys 555 More BTC, Now Holds Over 1,880 BTC
In a major development, Metaplanet Inc., often dubbed “Japan’s MicroStrategy,” announced the acquisition of an additional 555 BTC, worth approximately $38.3 million at an average price of ¥10.2 million per coin.
Source: Metaplanet Official Announcement on X
This brings Metaplanet’s total holdings to 1,881 BTC, acquired at a cumulative investment of over ¥17.8 billion. The company shared the update via an official financial disclosure on May 7, signaling its long-term belief in Bitcoin as a strategic treasury asset.
The move mirrors the strategy of companies like MicroStrategy, showing growing international institutional conviction—even amid regulatory uncertainty and volatility.
The Fed Factor: Interest Rate Decision May 7
Investors are also closely watching the Federal Reserve’s FOMC meeting scheduled for May 7, with heightened anticipation around the next move on interest rates.
Although markets largely expect no rate cut, recent macro data—such as cooling inflation and slowing GDP growth—has fueled speculation about a potential dovish tone. If Jerome Powell signals a shift in policy or hints at rate cuts later this year, risk assets like Bitcoin could react positively.
On the other hand, a hawkish stance or renewed inflation concerns could trigger short-term selling pressure across the crypto market.
The live broadcast of the Fed meeting is available on:
Final Thoughts: Will the Stars Align for Bitcoin?
With Bitcoin once again testing critical levels, institutional demand on the rise, and a pivotal Fed decision imminent, the next 48 hours could be decisive for BTC’s short-term trajectory.If momentum holds and macro conditions turn supportive, the $100K breakout could finally materialize. If not, traders should prepare for possible volatility and retracements. Either way, the combination of on-chain accumulation and geopolitical tailwinds suggests that Bitcoin’s bullish narrative remains intact—regardless of short-term swings.
