Bitcoin (BTC) has continued its impressive rally, surpassing $87,000 and reaching a 24-hour high of $87,770.38 on the Binance spot market. This surge follows a statement from former U.S. President Donald Trump, which appears to have influenced market sentiment and increased investor confidence.

Market Overview

BTC's latest price movement is part of a broader bullish trend, fueled by strong buying pressure and renewed enthusiasm from traders. The 5-minute chart shows a consistent uptrend, with multiple green candles and increasing trading volume.

Key market data:

  • Current Price: $87,691.19

  • 24H High: $87,770.3

  • 24H Low: $81,500.00

  • 24H Trading Volume: 60,203 BTC ($5.08B USDT)

Trump’s Statement and Its Market Impact

Although the exact content of Trump’s statement is yet to be fully analyzed, past remarks from him regarding crypto regulation, financial policies, or economic outlooks have historically influenced the markets. If his latest statement hinted at pro-crypto policies, deregulation, or economic shifts, it may have contributed to Bitcoin’s rapid price movement.


Technical Analysis


Several key indicators highlight the ongoing bullish trend:


✅ Moving Averages (MA)



  • 7-MA: $86,811.21 (short-term bullish support)


  • 25-MA: $85,653.84 (longer-term support)


  • 99-MA: $83,867.92 (overall trend confirmation)


✅ MACD (Moving Average Convergence Divergence)



  • DIF: 854.38


  • DEA: 706.80


  • MACD Histogram: 147.58


  • These values suggest strong upward momentum, with the MACD line trending above the signal line, confirming bullish sentiment.


✅ Volume & Market Sentiment



  • A notable spike in trading volume suggests increased participation from buyers.


  • The recent breakout above resistance levels indicates strong market confidence.


Key Levels to Watch


📌 Resistance: $88,000 – A break above this level could push BTC to new highs.

📌 Support: $86,500 – A potential pullback level for buyers to re-enter.


Trading Strategy for Scalpers


For short-term traders and scalpers:



  • Consider taking profits near resistance ($88,000).

  • Look for pullbacks to key support levels ($86,500) for re-entry.

  • Watch for volume confirmation to avoid false breakouts

Conclusion

Bitcoin’s surge past $87,000 signals strong bullish momentum, possibly fueled by Donald Trump’s statement. If positive sentiment continues, BTC could test $88,000 and beyond in the coming hours. Traders should remain cautious and monitor key levels for opportunities.

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