đĄ Whatâs Happening?
Bitcoin dropped below $85,000 after U.S. President Donald Trump signed an executive order to establish a strategic Bitcoin reserve. The order outlines plans to hold Bitcoin, Ethereum, XRP, Solana, and Cardano as part of the U.S. reserves.
đš Market expectations werenât fully met, as the order mostly confirmed that the U.S. government wonât sell its Bitcoin holdings.
đš Investors remain uncertain about how the reserve will function and whether taxpayers will benefit.
đš Bitcoin has been consolidating, but analysts suggest this may not last long.
However, there are potential upside scenarios:
đš BTC could rally toward $100,000 long-term once the market adapts to U.S. tariff concerns and inflation uncertainty.
đš Since Trump's tariff announcement on February 1, Bitcoin has dropped nearly 14%.
đ Technical Outlook
Bitcoin has been moving sideways within a triangle pattern, hovering below the $90,000 resistance.
If BTC breaks below $85,000, bears could push it toward $75,000.
A breakout above $90,000 could open the door to $100,000.
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