Bitcoin’s price saw a sharp rise over the weekend, with prices briefly touching $95,000 before encountering resistance. The surge came after Trump revealed plans to establish a strategic digital asset reserve, hinting at government involvement in Bitcoin and Ether holdings.
Despite this bullish trigger, the rally struggled to hold momentum. Bitcoin’s weekly chart was on track to close below $90,000 for the first time since Nov. 2024. However, last-minute buying pressure pushed BTC’s closing price to $94,222, forming a doji candle—a sign of market indecision.
