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Bitcoin (Cryptocurrency)

Double Top Breakdown & Key Support Level📊 $BTC/USDT Market Update – Double Top Breakdown & Key Support Level Welcome to today’s analysis! Let’s break down the Bitcoin ( CRYPTOCAP:BTC ) chart, focusing on the double top pattern and key levels. ⸻ 🌐 Overview: Double Top Formation & Breakdown 📉 CRYPTOCAP:BTC has formed a double top pattern and has broken the neckline (yellow level). 🔄 Current Scenario: • The double top pattern suggests a bearish move, with a projected target at the green support level. • The green support zone aligns with the previous ATH from the last bull run, making it a key area for potential price stabilization. • If buyers step in at this support, we could see a bounce and possible bullish reversal. ⸻ 🔑 Key Levels to Watch 🟡 Neckline (Broken Support): Confirmed breakdown, acting as new resistance. 🟢 Support Zone: Green Level (Previous ATH, potential stabilization area). ⸻ 🛠️ Trade Scenarios 📌 Bullish Scenario (Support Holds & Price Bounces Up) • If CRYPTOCAP:BTC stabilizes at the green support, buyers may step in, leading to a potential recovery move. • Confirmation of bullish strength could come from a higher low formation at this level. 📌 Bearish Scenario (Break Below Green Support) • If CRYPTOCAP:BTC fails to hold the green support zone, further downside could occur, potentially testing lower support areas. • A confirmed breakdown below this level would signal continued bearish momentum. ⸻ 📌 Conclusion CRYPTOCAP:BTC has broken the neckline of a double top pattern, and its projected target aligns with the green support zone (previous ATH level). This area is critical for potential price stabilization—if buyers defend it, we could see a rebound and bullish continuation. However, if it breaks down, further losses may follow.
BITSTAMP:BTCUSD
by WaveRiders2
Secure profits of SHORTBitcoin (BTC) Market Analysis – March 10, 2025 Chart Overview & Key Insights This is a daily timeframe BTC/USDT chart on Bybit, showcasing a confluence of indicators including the BitcoinMF PRO signals, standard error bands (not Bollinger Bands!), Fibonacci levels, and support/resistance zones. Below, the Fisher Transform indicator is displayed for trend confirmation. 🔍 Current BTC Price Action & Key Observations Price: $79,404 (-1.60%) BitcoinMF PRO last short signal hit take profit (TP) → This often results in buy pressure as shorts take profits and exit, creating demand. A new short signal is forming, but it’s in a riskier position: Shorting too late into a move can be dangerous, as the market tends to reverse to hunt late shorts. Price is already near key support zones (~$80,133 and lower at $73,240). Linear Regression (LR) Channel: Price is currently testing the lower boundary, which often acts as support. Volume Analysis: Increasing red bars show strong selling pressure, but potential buyer defense near key levels. 📉 Fibonacci & Support/Resistance Levels 🔻 Key Supports: $80,133 (Short-term support) $73,240 (Stronger support) $65,485 (Major support) 🔺 Resistance Levels: $86,163 (First target if price rebounds) $92,957 (Major resistance) 🛠 Fisher Transform Indicator (Bottom Panel) The Fisher Transform is deep in the oversold zone, which historically indicates a high probability of reversal. If the blue line starts turning upward, it can indicate a bounce incoming. Right now, Fisher is at extreme levels, meaning that while more downside is possible, a reversal could be forming soon. 📉 CME Gap Around $70K – What It Means CME gaps occur when Bitcoin futures on the Chicago Mercantile Exchange (CME) close for the weekend and reopen at a different price. A well-known market phenomenon is that Bitcoin tends to "fill" these gaps over time. There is a gap in the $70K region, meaning Bitcoin may be magnetized toward that level before a major reversal. 🔍 How This Affects the Current Market? Current BTC Price: $79,404 CME Gap Zone: $70,000–$72,000 Major Support Zones: $73,240, then $65,485 🛠 Possible Scenarios 1️⃣ BTC moves down toward $70K to fill the CME gap before bouncing. This is a logical move, especially as Bitcoin is already in a downtrend. Traders should be cautious of a liquidity grab below $73K. 2️⃣ If BTC doesn’t drop immediately, a short squeeze could come first. Many late shorts have entered the market (as seen in open interest data). A squeeze up to $86K– GETTEX:92K could trap them before Bitcoin eventually moves down. 📊 CME Gap Probability in the Current Context 🔹 Likelihood of BTC filling the $70K CME gap: 8/10 🔹 Before that, BTC could see a bounce (short squeeze): 7/10 🧠 What’s the Next Most Probable Move? 📊 Probability Scale (1-10) Next Move Probability: 7/10 for a bounce before further downside 📉 While BTC is in a downtrend, several factors indicate that shorting now is riskier than before: Last BitcoinMF PRO short hit TP → Buy pressure from short profit-taking. Extreme oversold Fisher Transform. Price sitting near critical support ($80K zone). 🔹 Possible Scenario: Short squeeze to $86K before any further drop. If $86K gets rejected → A continued downtrend to FWB:73K or lower. 📢 Conclusion & Trading Strategy If you are short: Secure profits or set a tight stop-loss in case of a short squeeze. If you are long: Look for signs of Fisher Transform turning up before entering. Shorting here is riskier as the market may hunt late shorts before going lower. ⚡ Watch for a relief bounce! While more downside is possible, liquidity grabs often happen before continuation moves. Be strategic with stops and TP zones. 📜 Ancient Wisdom – Patience & Timing in Trading There’s an old Jewish saying: "Gam zu l'tovah" – "This too is for the best." A great trader, much like a wise man, waits for the right moment instead of rushing into moves impulsively. If the market is preparing a short squeeze, traders who chase shorts too late may find themselves trapped. Timing is everything. 🔹 BitcoinMF PRO users caught this downtrend early – consider using it for future trades! 🚀 Get it on TradingView today! 🚀
Long
by BitcoinMF
Can MicroStrategy Save Bitcoin's Destiny?MicroStrategy’s dramatic stock decline has become a bellwether for the broader digital asset market. As its share price plunges, the company’s deep ties to Bitcoin spotlight a precarious balance between corporate strategy and the volatility inherent in the crypto space. This unfolding scenario challenges investors to reconsider the intertwined fates of traditional finance and digital innovation. The company’s approach to using Bitcoin as a primary treasury reserve has been revolutionary and risky. Aggressive accumulation strategies, including debt financing and Bitcoin-backed loans, have magnified the impact of market fluctuations. With critical support levels now under threat, the risk of forced asset sales looms large—an event that could cascade through the crypto ecosystem and undermine confidence in digital currencies. Amid these challenges, MicroStrategy is also pursuing bold financing initiatives to stabilize its operations. Plans to raise $21 billion through a preferred stock offering signal a dual objective: securing necessary capital and further investing in Bitcoin. This move reflects an ongoing commitment to a Bitcoin-centric strategy, even as recent transactions have resulted in significant unrealized losses. In parallel, the cryptocurrency landscape faces unprecedented headwinds from regulatory pressures, geopolitical tensions, and emerging technological vulnerabilities. Financial professionals are compelled to balance risk with opportunity, rethinking investment strategies amid an environment where innovation meets uncertainty at every turn. The looming threat of quantum computing adds another layer of complexity. As quantum technologies advance, their potential to break current cryptographic standards—on which Bitcoin’s security fundamentally relies—poses a significant risk. Should quantum computers overcome encryption protocols like SHA-256, the very foundation of blockchain technology could be compromised, forcing the industry to adopt quantum-resistant measures rapidly. This challenge not only underscores the volatility of the digital asset market but also inspires a deeper exploration into safeguarding the future of decentralized finance.
NASDAQ:MSTRShort
by UDIS_View
Bitcoin Loses Key Support – Is the Bull Trend in Trouble?Bitcoin has fallen sharply, breaking below the $91,000 support level, which previously acted as a major floor for the uptrend. The cryptocurrency is now testing the 200-EMA ($79,897) as it struggles to find buying interest. 🔍 Technical Breakdown: 📉 Major Breakdown – The loss of $91,000 has turned sentiment bearish. 📉 200-EMA as Last Defense – Holding above $80,000 is critical to avoid deeper losses. 📉 RSI at 29.30 – Bitcoin is entering oversold territory, suggesting a potential relief bounce. 📉 MACD Bearish – The indicator remains deeply negative, confirming ongoing selling momentum. 📌 Key Levels to Watch: 🔹 $80,000-$79,000 – Crucial support zone; a breakdown here could trigger further selling. 🔹 $91,000 – Now resistance; bulls must reclaim this level to restore confidence. 🔹 $100,000+ – Long-term bullish outlook remains intact above this mark. 💡 Trading Outlook: 🔻 Bearish Case: A sustained break below $80,000 could accelerate downside pressure, targeting $72,500 (61.8% Fib retracement). 🔺 Bullish Case: If Bitcoin holds above the 200-EMA, a relief bounce toward $91,000 is possible, but buyers need to reclaim it to shift momentum. Bitcoin's long-term trend is still bullish, but the recent breakdown raises concerns about further downside risk. Can bulls defend $80,000, or is this the start of a deeper correction? -MW
FOREXCOM:BTCUSD
by FOREXcom
TradeCityPro | Bitcoin Daily Analysis #29👋 Welcome to TradeCityPro! Let's dive into the Bitcoin analysis and the key crypto indicators. In this analysis, as usual on Mondays, I will also review last week's weekly candle for you and examine the long-term scenarios. 📅 Weekly Timeframe In the weekly timeframe, as you can see, the candle that closed yesterday is a completely bearish candle that registered without a shadow and a large body, and the price has again reached the 0.382 Fibonacci area. ✨ Since this candle was within the previous candle and did not show more volatility, we can say that the market will range in the upcoming candles because the volatility range of the chart has decreased. Therefore, the likelihood that the next candle will be a range is very high. 💫 However, if the market wants to fluctuate, the 0.5 and 0.618 Fibonacci areas, which overlap with the 75000 and 71000 areas, can act as supports in case of a decline. For a market upturn, the significant areas are 90000 and 104000. 📊 The market volume has also been bearish in the last two candles and in favor of the sellers, but an important point is in the RSI. The area at 44.20 is a very important support that has started the next upward leg each time the RSI has reached this area during this uptrend. ✅ Breaking this area in the RSI would mean the loss of market upward momentum and we would receive the first sign of a trend change. 📅 Daily Timeframe In the daily timeframe, after breaking 92354 and the price pulling back to this area, the price has moved downward and has again reached the support range between the 0.5 and 0.618 Fibonacci. 🔽 If this range is lost, the price will move towards further support areas like 72753. 🎲 Market volume has also increased last week, which is because the price has finally exited the box between 92354 and 106283, and more volume has entered the market. ☘️ If the price is supported by the Fibonacci range and moves upwards, the main trigger for confirming a trend change will be 92354. ⭐️ The current main resistance area in Bitcoin is at 106283, and breaking this area could potentially lead to further movements and the recording of new ATHs. ⏳ 4-Hour Timeframe In the 4-hour timeframe, as you can see, after breaking the trend line, the trigger was activated, and the price moved downward yesterday. 📉 I told you yesterday that the price could drop to the 83151 area. As you can see, this has happened, and the price has even fallen more than 83151 and now seems to be pulling back to this area. Let's move to the one-hour timeframe to check today's triggers. ⏳ 1-Hour Timeframe In the one-hour timeframe, as you see, after breaking 85552, the price made a downward move and dropped to around the 80000 area. 🔽 Currently, the price has moved towards the 83151 area and, after a fake break, has returned below this area. 🧩 If the price reacts to the 83550 area again, I will move the 83151 line, but if this break is a fake, a downward momentum could enter the market, and in this case, with the break of 81288, we can open a short position. 👀 The current main support that the price has is at 78940, and breaking this area would also register another corrective leg. 👑 BTC.D Analysis Let's move to the analysis of BTC.D. As you see, yesterday dominance faked above its range box and after breaking 61.61 moved downward again, and now it can move downward with more momentum. 💥 The main trigger for the dominance to turn bearish is at 61.08; the next support in this case will be 60.40. For the dominance to turn bullish, our trigger remains the break of 61.61. 📅 Total2 Analysis Let's move to the analysis of Total2. As you observe, after the support at 1.07 was broken yesterday, Total2 made another downward leg and reached its main support at 1.01. As you see, Total2 is at a lower level than Bitcoin because yesterday, as the market fell, Bitcoin dominance increased, causing altcoins to drop more than Bitcoin. 🧲 The trigger for opening a short position today is the break of 1.01, and for now, we have no trigger for a long position and must wait until the price creates a suitable structure for a long. 📅 USDT.D Analysis Moving on to the analysis of Tether dominance, as you see, after breaking 5.14, we witnessed an upward leg that continued up to the ceiling of 5.50, and currently, a box has formed between 5.30 and 5.50. 🔑 If the 5.50 area is broken, we will see an upside expansion, and dominance might move towards higher targets. However, if dominance again falls below 5.30, it will move ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
23
Bitcoin Interesting Fractal And Timing! GOING STRAIGHT UP!I noticed that the timing and pattern of how this is playing out in 2025 in Bitcoin is very similar to that of 2017. This fractal is not identical but its damn close. In 2017 there were approximately 15 million people in crypto, very few leverage exchanges, and trading was no where near what it is today. Now we have exchanges everywhere, hundreds of them most with leverage which we didn't really have before. Also not to mention that now we have big players getting in and they aren't buying and selling on the daily, they are buying it all and holding it, hence why we aren't seeing the typical "Alt season". The sloshing effect we had in the early days when traders would rotate out of Bitcoin into alts is not happening as it used to. In 2017 Trump took office and in the end of March the bull run started in full swing. Something very similar is also happening now that we are in March and these fractals are lining up. Let see how this plays out. I think we are on the cusp of a giant mega bull run like you've seen before. Crypto traders last year made mega profits cashing out multiple billions in capital gains. Once the selling stops around the end of March and beginning of April from people selling to pay taxes I think its on. This is not financial advice this is just my opinion. Lets see how this chart ages. Thank you for reading.
INDEX:BTCUSDLong
by Bitgolder
2
$BTC: Bitcoin – Digital Gold Rush or Crypto Rollercoaster?(1/9) Good morning, folks! ☀️ CRYPTOCAP:BTC : Bitcoin – Digital Gold Rush or Crypto Rollercoaster? With CRYPTOCAP:BTC at $82,352.34, is this the motherlode of digital wealth or a wild ride with no brakes? Let’s dig into the blockchain buzz! 🔍 (2/9) – PRICE PERFORMANCE 📊 • Current Price: $ 82,352.34 as of Mar 10, 2025 💰 • Recent Moves: Up 30%+ YTD, per web trends 📏 • Sector Trend: Crypto volatility reigns, X posts show mixed vibes 🌟 It’s a high-stakes game with big swings! ⚡ (3/9) – MARKET POSITION 📈 • Market Cap: $1.63T (based on 19.83M circulating supply) 🏆 • Status: King of crypto, 50%+ market dominance ⏰ • Trend: Whales scooping coins, per X chatter 🎯 Reigning supreme in the digital realm! 🌍 (4/9) – KEY DEVELOPMENTS 🔑 • Sentiment: X posts cheer GETTEX:82K support, ETF flows mixed 🔄 • Adoption: El Salvador adds BTC, strategic reserve talk grows 🌐 • Market Reaction: Price steady despite tariff fears 📋 Riding waves of hype and hope! 💡 (5/9) – RISKS IN FOCUS ⚠️ • Volatility: 5-10% daily swings not uncommon 🔍 • Regulation: Global crackdowns loom 📉 • Macro: Economic shifts could jolt crypto ❄️ High risk, high reward territory! 🕵️ (6/9) – SWOT: STRENGTHS 💪 • Dominance: 50%+ of crypto market 🥇 • Adoption: Nations, whales piling in 📊 • Scarcity: 19.83M of 21M coins mined 🔧 A heavyweight with staying power! 🔒 (7/9) – SWOT: WEAKNESSES & OPPORTUNITIES ⚖️ • Weaknesses: Wild price swings, regulatory haze 📉 • Opportunities: Institutional cash, global unrest boost 📈 Can it strike gold or stumble? 🤔 (8/9) – 📢 Bitcoin at $82,352.34—your bet? 🗳️ • Bullish: $100K+ by Q2, unstoppable 🐂 • Neutral: Sideways, risks weigh ⚖️ • Bearish: $70K crash, bubble bursts 🐻 Drop your vote below! 👇 (9/9) – FINAL TAKEAWAY 🎯 Bitcoin’s $82,352.34 marks a wild frontier 📈, with dominance shining through volatility 🌫️. Dips? That’s our DCA sweet spot 💰. Scoop low, ride high! Boom or bust?
BINANCE:BTCUSDLong
by DCAChampion
Powell’s Speech & Bitcoin’s Decline: Is More Downside Ahead? Today, Fed Chair Jerome Powell is set to speak, and traders should brace for potential market volatility! Given the recent economic data , his tone is likely to be balanced but leaning hawkish . Why a More Hawkish Powell? 1- Strong Job Market : Unemployment Rate : 4.1% (Still low) Non-Farm Payrolls (NFP) : 151K (Decent, but lower than before) Average Hourly Earnings : 0.3% (Steady wage growth) This suggests that the labor market remains resilient, which might discourage the Fed from cutting rates too soon. 2- Inflation Still a Concern : Wage growth and inflationary pressures persist, which means Powell may emphasize keeping rates steady longer to combat inflation. 3- Markets Are Too Optimistic on Rate Cuts : Investors are heavily betting on rate cuts in 2024, but Powell may push back against these expectations to prevent excessive risk-taking. Powell will likely maintain a cautious yet hawkish stance to manage expectations. Big price swings are expected across forex, crypto, and commodities—so stay alert! (Of course, this is just a personal analysis). In addition to Donald Trump , Signs Executive Order to Create Bitcoin Strategic Reserve Of course, today, we didn't see any strange movement in Bitcoin, and probably, the proverb " buy the rumor, sell the news " was fulfilled. ---------------------------------------------------------- Now let's take a look at the Bitcoin chart on the 1-hour time frame and also take help from technical analysis tools . Bitcoin ( BINANCE:BTCUSDT ) is in a Heavy Resistance zone($93,300_$89,250) and has started to decline from Potential Reversal Zone(PRZ) . From a Classic Technical Analysis , Bitcoin appears to move in a Symmetrical Triangle . According to Elliott Wave theory , Bitcoin has completed the Double Three Correction(WXY) , and we should wait for the next bearish wave . I expect Bitcoin to attack 200_SMA(Daily) again after breaking the lower line of the Symmetrical Triangle . Note: Bitcoin is likely to pump more if the symmetrical triangle's upper line breaks. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
54
BITCOIN Is this the last defense before the narrative changes?Bitcoin (BTCUSD) got yet again increasingly volatile during the weekend and is approaching the 1W MA50 (blue trend-line). As mentioned on the title, this is "the last defense" for BTC as so far this price action hasn't diverged a bit from the Channel Up of the 2015 - 2017 Bull Cycle but a break and 1W candle close below it, would jeopardize that. ** The key 1W MA50 ** In fact the only times that Bitcoin closed below its 1W MA50 during a Bull Cycle and the Cycle continued was of course during the March 2020 COVID global market flash crash and November 18 2019. But the current Bull Cycle is nothing like in 2019 - 2021, it doesn't have the initial overextension of the Libra hype (May - June 2019) or Elon's early 2020 hype nor of course the pandemic shutdown. On the contrary it is incredibly similar with 2015 - 2017 with the only difference being that, thanks to the ETF launch in January 2024, the market marginally breached the previous All Time High (ATH) earlier. ** Symmetry playing out ** So back to the similarities between those two Cycles. The Cycle count indicates that we are at the end of the (blue) Bull Rectangle in March 2017 (847 days) when the price almost tested the 1W MA50 and then started the (green) Parabolic Phase to new ATHs (217 days). Even in terms of 1W RSI and MACD, the two fractals are similar, with the RSI being on its 2nd 'Buy the dip Volatility Phase' bottom and the MACD on its 2nd Bullish Cross. ** How high can it get? ** Now as to how high the new Cycle Top can be, can be anybody's guess, but if it repeats the less aggressive 2021 Top, it could be on the 1.618 Fibonacci extension, i.e. around $170k, while if it repeats the (much more unrealistic for such short period of time in terms of market cap) 2017 Top, it could be on the 2.382 Fib ext, i.e. around $520k. The worst case scenario is to have Fib extension Tops on a decreasing rate, in which case the 1.5 - 1.382 levels are next, giving us a potential target range of 120k - 145k, which would be almost a Double Top similar to November 2021. So what do you think? Will the 1W MA50 come to Bitcoin's rescue yet again or the narrative will change this time? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
14
Bitcoin structure weakening#bitcoin price has closed above trend line (Nov 2024 - March 2025) and declined from the bearish zone with weekly candle closing.. This must be taken serious. They always have the opportunity to service news (!) and manipulate prices in short term (They may invalidate T.A. with just a bear trap pump, we don' t know) , but in mid term this weak structure must not be underestimated. Red boxes are the support zones for CRYPTOCAP:BTC to be watched. Not financial advice.
by naphyse
HelenP. I Bitcoin can small correct and then continue to growHi folks today I'm prepared for you Bitcoin analytics. Looking at this chart, we can see that the price rebounded from the resistance zone and dropped to the support level, eventually reaching the trend line. After that, it reversed and started moving upward within a triangle pattern, where it soon broke through the 80400 support level before climbing to the resistance level. Shortly after, BTC broke this resistance as well and surged to 94700, before pulling back to the trend line, breaking through the 88500 level. However, the price then bounced off the trend line and quickly climbed back to the resistance line of the wedge, breaking the resistance once again. It traded near this level for some time before starting to decline, eventually dropping to the support level, breaking the resistance level, and exiting the triangle pattern. Recently, BTC has shown signs of recovery, and in my view, it may make a slight correction before continuing its upward movement toward the trend line. Based on this scenario, my goal is set at 86700, which aligns with this trend line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
Bitcoin - Bitcoin’s fate in Trump’s hands?!Bitcoin is trading below the EMA50 and EMA200 on the four-hour timeframe and is trading in its descending channel. Bitcoin’s continued downward trend and its inclusion in the zone may buy it again for us. A Bitcoin correction will also be offered to test the selling from the zone. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and one should have capital management in the cryptocurrency market, than we can ask for more. If the downward trend continues, I can buy now. During Trump’s presidency, the United States is aiming to become the “global capital of cryptocurrencies.” A key component of this strategy is establishing a national digital asset reserve, where Bitcoin will play a central role as a “digital Fort Knox.” Currently, the U.S. holds approximately 200,000 Bitcoins, making it one of the largest Bitcoin holders globally. Other digital assets, apart from Bitcoin, will be stored separately. In contrast, during Biden’s administration, a significant portion of government-held Bitcoin was sold, slowing the growth of the cryptocurrency sector and restricting banks from engaging in digital asset transactions. These policies resulted in a decline in crypto development within the U.S. Now, the Trump administration is reviewing all digital assets under U.S. ownership and evaluating the possibility of acquiring more Bitcoin. Additionally, the administration aims to end “Operation Choke Point 2.0,” which had pushed banks away from crypto, and accelerate the passage of stablecoin legislation by the end of the August recess. Trump has also declared that the U.S. will never sell its Bitcoin holdings, keeping them as a long-term reserve asset. Following Trump’s remarks about creating a national digital currency reserve, Bitcoin initially surged but later fell below its pre-announcement level. Currently, Bitcoin’s price has dropped below $83,000, with other major cryptocurrencies experiencing similar declines. Last week, U.S. President Donald Trump announced via Twitter that his administration was establishing a strategic reserve of digital assets, including Bitcoin, Ethereum, Solana, Ripple, and Cardano. While this initially drove prices higher, it was later clarified that the plan only involved holding confiscated digital assets rather than making direct crypto purchases. On Friday, Trump signed an executive order formalizing the initiative, but markets reacted negatively. Bitcoin fell by $3,000, reaching its lowest level in weeks. The order does leave open the possibility of government Bitcoin purchases in the future, though such a move would likely require congressional approval. As a result, most cryptocurrencies that had gained value due to the announcement have since lost those gains. Assets such as Cardano, Solana, Ripple, and Ethereum have all returned to their pre-announcement price levels. This event once again underscored that governments often act more as liquidity exit points rather than driving new capital inflows into the market. Meanwhile, Michael Saylor, founder of Strategy, has proposed that the U.S. government should acquire 25% of the total Bitcoin supply by 2035 to establish a strategic Bitcoin reserve. His suggestion is for the government to systematically purchase between 5% and 25% of Bitcoin’s supply through daily acquisitions from 2025 to 2035, by which time 99% of all Bitcoin will have been mined. Saylor presented this idea at the White House Crypto Summit, urging President Trump and top crypto leaders to adopt a “never sell your Bitcoin” policy. He predicts that such a reserve could be worth between $16 trillion and $81 trillion by 2045, potentially helping to reduce the national debt.
COINBASE:BTCUSDShort
by Ali_PSND
1