The past trade week also had some volatility for cryptocurrency number 1 based on the market capitalization.
Bitcoin Volatility adheres to đź”´ Trump heats speculations on US crypto reserve
â–ş Bitcoin ISIN: XC000A2YY636 | WKN: A2YY63 | Ticker: BITCOIN
The overarching picture for Bitcoin
We had the previous week at this point The possibility of a short-term “bouncing” on the “steep” on the underside and on Sunday we received support from the White House of none other than US President Donald Trump.
On Sunday evening German time, US President Donald Trump for the first time called cryptocurrencies that are to be taken part of a strategic crypto reserve in the United States, including: Bitcoin and Ethereum, but also Solana, Ripple and Cardano.
Bitcoin chart analysis – Daily
Bitcoin attracted more than 10% in the top, was traded at over $ 96,000, including Ethereum, Solana, Cardano and Ripple saw massive course jumps, some of over 50% in the case of Cardano. To what extent the structure of such a strategic crypto reserve is realistic, at least at least, may be doubted.
Trump has issued an executive order and ordered the formation of a working group for digital assets to check by July whether the US government should create a strategic Bitcoin reserve.
But, we remember the statements of FED Chairman Powell at the Fed key interest in December, where he said that the US Federal Reserve is not interested in participating in the government’s efforts to hoard large quantities of Bitcoin.
Sure, there seem to be opportunities, even if it requires decisive legislative changes that the Fed at least currently does not strive for. The Republican Senator Cynthia Lummis already brought in a draft law to create such a reserve in December, according to which the US Ministry of Finance would buy 200,000 bitcoins annually until the stock reaches one million tokens. The purchases would therefore be financed by Fed bank deposits and gold stocks.
Exactly such financing of a strategic Bitcoin reserve requires the consent of the congress-in which the Republicans currently have a majority is therefore not entirely excluded.
Technically, however, I would initially want to wait at short notice whether Bitcoin Bullen succeeds in promoting Bitcoin by around $ 96,500 via the Sunday exaggeration. If this succeeds, the last week, Bearish mode would initially no longer be an issue and opened a timely attack and broke over the all -time highs by around $ 110,000 with further surcharges until first in realms for $ 120,000/125,000.
Bitcoin is currently consolidated by $ 90,000, the outbreak region in front of the “Flush” under the $ 80,000 brand, in my opinion, an indication that there is currently a struggle between bulls and bears and also seems conceivable that a further thrust on the underside occurs.
Bitcoin chart analysis – hour
Bitcoin – Trading Setups:
Technically, I currently see the advantage rather short, but if I would like to hold back in terms of trading, on the one hand, on the one hand, would only be interested in short-term 84,000 marks in a case, in short-term long engagements with a target of $ 100,000 only over $ 93,000.
Long setup:
As addressed further above, Bitcoin, based on the latest Price Action for Long engagements, is initially to “delicate” and I would initially want to refrain from this for setups for the long page, possibly short-term “momentum trades”, which would also like to see a recapture of the $ 92,000/93,000.
Short setup:
In my opinion, Short Trades can also be seen a little with caution, even if short-term short engagements under the $ 84,000 region, trend-followed and with the aim of a re-test in the $ 78,000 region, could possibly also offer a little deeper.
Bitcoin at the weekend, the video, 08.03.25:
https://www.youtube.com/watch?v=v0hd7mni_ze
source: XStation55 from XTB
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