Bitcoin rebounded 10% after Donald Trump’s announcement of a Crypto Strategic Reserve, recovering from a 120-day low of $78,200 to reclaim $90,000.
The surge was fueled by renewed bullish sentiment and the liquidation of short sellers, positioning BTC for a potential breakout past $100,000.
Trump’s executive order to establish the reserve—which includes Bitcoin (BTC), Solana (SOL), Ripple (XRP), and Cardano (ADA)—spurred investor optimism. The move aligns with broader economic concerns, such as new tariffs on Canada and Mexico, which drove traders toward Bitcoin as a hedge against macroeconomic instability. As institutions and retail investors re-enter the market, demand for BTC is expected to accelerate.
Technical indicators highlight strong buying momentum, with BTC rebounding 16.84% in just over two days. The MACD has crossed bullishly, signaling further upside potential. Analysts predict that if Bitcoin holds above $88,000, a rally toward $95,000 and ultimately the $100,000 psychological threshold is increasingly likely. However, failure to maintain support could trigger another wave of liquidations, though the prevailing market sentiment remains overwhelmingly bullish.
While Bitcoin’s inclusion in the U.S. reserve bolsters its long-term institutional appeal, the diversification into SOL, XRP, and ADA could temporarily impact BTC’s market dominance. Nonetheless, analysts expect the broader crypto sector to benefit, potentially driving Bitcoin past $150,000 in the mid-to-long term.
0 Comments