As of April 5, 2025, the price of Bitcoin (BTC) is trading at around $84,181, with a change of $1,364 (an increase of 1.65%) compared to the previous close.
2. Approaching the "Death Cross" technical pattern:
- The Bitcoin indicator is approaching the formation of a technical pattern known as the "Death Cross," where the 50-day moving average meets the 200-day moving average from above, which may indicate a potential price decline.
3. Announcement of the Strategic Bitcoin Reserve:
- President Trump issued an executive order to create a "Strategic Bitcoin Reserve" and a "Digital Asset Inventory for the United States," aiming to consider Bitcoin as a national reserve asset.