Bitcoin (Btc) approached $ 93,000 on March 2 while United States President Donald Trump doubled down a strategic crypto reserve.
BTC/USD 1-Day Chart. Source: Cointelegraph/TradingView
Trump writes: “I like Bitcoin and Ethereum too!”
Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD getting 8% in rare volatility over the weekend.
Trump ignored a crypto firestorm Weekly closely after posts in fact social refer to a crypto reserve that will include BTC, Ether (Eth) and many altcoins.
Then the first one refers only to XRP (XRP), Solana (Sol) and cardano (Ada), the President’s account has added plans for additional tokens.
“And, obviously, the BTC and ETH, like other important cryptocurrencies, are in the middle of the reserve,” he told a Additional Post.
“I like Bitcoin and Ethereum too!”
Source: Truth Social
The book’s liquidity was reduced over the weekend thus ensuring rapid acquisitions in the crypto markets, with BTC/USD nearly hitting $ 92,000 in Bitstamp.
“Market changes occur when there is no expectation,” Crypto businessman, analyst and businessman Michaël Van de Poppe Reply In X.
“The last crashing, probably the biggest manipulation ever for people to take large positions to $ BTC and $ eth. The bottom is in. The low is in the altcoins. The final is easy to spin.”
Source: lookonchain/x
Running the locals high so that is sealed upside down by 17% compared to the multimonth bottom of near $ 78,000 only two days before.
As part of volatility, governed by XRP Malapat ‘ Eth by fully diluted valuation (FDV).
“This is what Crypto is waiting for,” Kobeissi’s trading letter added to part of its own reaction.
$ 93,500 BTC price reclaim is still key
Continuing, the popular businessman and analyst Capital rectaled the dive at $ 78,000 as a “downside deviation.”
Related: When will the price of bitcoin be lowered?
Number Cointelegraph reportedSuch deviation events classify previous Bitcoin Bull markets.
“Bitcoin recovers almost the sum of its deviation from its deviation,” Rect Capital write in a fresh review post.
“The price needs to be now weekly near above the re -accumulation range of $ 93500 to get the range. And Bitcoin is +only 2% away from doing so.”
BTC/USD 1-week chart. Source: Rek Capital/X.
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