Metaplanet's Director of Bitcoin Strategy, Dylan LeClair, expressed his optimism for Bitcoin's future price action

Notably, Metaplanet's Director of Bitcoin Strategy, Dylan LeClair, expressed his optimism for Bitcoin's future price action on Sept 8, tweeting about the opportunity to deploy more capital as Bitcoin temporarily dipped below $54,000

This sentiment underscores the bullish outlook among institutional investors. Bitcoin now faces key resistance at $58,500, and a breakthrough could propel the price toward the $60,000 psychological level.

Conversely, solid support remains at $54,000, a level reinforced by the growing accumulation from corporate buyers. If market sentiment continues to improve, Bitcoin's price could potentially sustain its upward momentum in the coming weeks.

Metaplanet began its aggressive Bitcoin buying strategy in April 2024, describing it as a "strategic pivot" to maximize shareholder value. Doubling down last month, the company purchased ¥500 million ($3.4 million) worth of Bitcoin, completing its ¥1 billion buying plan financed through a loan.