Bitcoin’s Rollercoaster: Volatility Surges Amid Reserve Hype
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Bitcoin’s price hovers around $83,998 today, April 17, 2025, after a 1.06% 24-hour gain, but volatility remains intense. The Federal Reserve’s signal of only two rate cuts in 2025, down from four, has fueled macroeconomic uncertainty, with trade tensions adding pressure. Bitcoin’s $83,000 support level is holding, but resistance looms at $90,000. Analysts like Galaxy Research forecast $150,000 by mid-2025, with some eyeing $185,000 by year-end, driven by institutional demand. The U.S. Strategic Bitcoin Reserve, announced by Trump in March 2025, is a key driver. Including Bitcoin, XRP, Cardano, Solana, and Ethereum, it’s dubbed a “digital Fort Knox.” However, no new BTC purchases have disappointed markets, stalling prices below $85,000. Experts like Tim Kravchunovsky seeBitcoin as a hedge against inflation, with nations like the U.S. and El Salvador stockpiling reserves. Traders, stay sharp! Dollar-cost averaging can tame this volatility. Watch Fed moves and tariff developments closely, as #BitcoinWithTariffs trends. Will BTC break $100,000 or dip further? Share your charts and join the #BinanceSquareFamily convo. Let’s hunt the alpha!