#Bitcoin Market Braces for #StrategicCryptoReserve Update, K33 Flags Bullish Signals
BTC$BTC is holding steady near $95,000 after a 9% weekly gain, bolstered by anticipation surrounding the U.S. Treasury’s Strategic Bitcoin Reserve evaluation, due around May 5, according to K33 analysts.
President Trump’s March executive order directed the reserve’s creation from seized BTC$BTC holdings and called for “budget-neutral” strategies for future purchases. Analysts say official updates remain scarce but expect visibility to rise as the deadline approaches.
Meanwhile, Strategy’s $21 billion equity program is nearly exhausted after its latest BTC$BTC buy. K33 predicts a new offering could be announced following Thursday’s Q1 earnings, further fueling Bitcoin’s recent momentum.
