{"id":47135,"date":"2025-09-12T03:31:48","date_gmt":"2025-09-12T03:31:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47135"},"modified":"2025-09-12T03:31:48","modified_gmt":"2025-09-12T03:31:48","slug":"chinese-money-enters-the-picture-as-bitcoin-price-slams-114k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47135","title":{"rendered":"Chinese Money Enters The Picture as Bitcoin Price Slams $114K"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">Pop Culture Group (NASDAQ: CPOP), headquartered in Xiamen, disclosed the $33M purchase in a <\/span><a class=\"general-link\" href=\"https:\/\/www.prnewswire.com\/news-releases\/pop-culture-makes-strategic-investment-in-cryptocurrency-btc-to-accelerate-web3-0-digital-entertainment-transformation-302552289.html\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">press release.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<h2><b>Bitcoin Price Analysis: How is Bitcoin Trading Post Purchase?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">The timing of Pop Culture Group\u2019s entry coincides with what analysts see as a key technical setup for Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Stages Recovery | ETH Blasts $4.4K | Altcoins on Fire!<\/p>\n<p>Watch here:<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f447.png\" alt=\"\ud83d\udc47\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><a href=\"https:\/\/t.co\/bCksAuGhg0\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/bCksAuGhg0<\/a> <a href=\"https:\/\/t.co\/S16RPAtZG0\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/S16RPAtZG0<\/a><\/p>\n<p>\u2014 Merlijn The Trader (@MerlijnTrader) <a href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/1966139432622502341?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">September 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">This crossover is widely viewed as a bullish signal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-282352 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222241.png\" alt=\"\" width=\"1397\" height=\"912\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222241.png 1397w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222241-300x196.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222241-1024x668.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222241-768x501.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222241-50x33.png 50w\" sizes=\"(max-width: 1397px) 100vw, 1397px\"><\/p>\n<p><span style=\"font-weight: 400\">(<\/span><a class=\"general-link\" href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/1966139432622502341\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">Source \u2013 X<\/span><\/a><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">Analysts observe that the long-term trend is characterized by higher highs and higher lows.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">Bitcoin is still steering the market, even as ETH clears $4,400 and altcoins heat up.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chart analyst Titan of Crypto <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/Washigorira\/status\/1966155376786907245\/photo\/1\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">keeps<\/span><\/a><span style=\"font-weight: 400\"> 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<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-282353 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222321.png\" alt=\"\" width=\"1402\" height=\"837\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222321.png 1402w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222321-300x179.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222321-1024x611.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222321-768x458.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222321-50x30.png 50w\" sizes=\"auto, (max-width: 1402px) 100vw, 1402px\"><\/p>\n<p><span style=\"font-weight: 400\">(<\/span><a class=\"general-link\" href=\"https:\/\/x.com\/Washigorira\/status\/1966155376786907245\/photo\/1\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">Source \u2013 X<\/span><\/a><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the weekly chart, price broke decisively above the neckline, drawn against the 2021\u20132022 peaks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">According to SoSoValue <\/span><a class=\"general-link\" href=\"https:\/\/sosovalue.com\/dashboard\/charts\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">data,<\/span><\/a><span style=\"font-weight: 400\"> net inflows hit $757.14M as of today, the strongest in two months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-282354 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222611.png\" alt=\"\" width=\"1387\" height=\"782\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222611.png 1387w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222611-300x169.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222611-1024x577.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222611-768x433.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-11-222611-50x28.png 50w\" sizes=\"auto, (max-width: 1387px) 100vw, 1387px\"><\/span><span style=\"font-weight: 400\">(<\/span><a class=\"general-link\" href=\"https:\/\/sosovalue.com\/dashboard\/charts\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">Source: Total Bitcoin ETF Net Inflow, SoSo Value<\/span><\/a><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<h2><b>How Are Chinese Firms Finding Ways Into Crypto Despite Restrictions?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Markets are leaning toward a September rate cut after US inflation data matched forecasts, giving risk assets a boost.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">Trading volumes over the last 24 hours remain strong, showing more influence from macro flows than retail churn.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/chinese-money-enters-the-picture-as-bitcoin-price-slams-114k\/\">Chinese Money Enters The Picture as Bitcoin Price Slams $114K<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47135","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47135"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47135\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}