$BTC Bitcoin Falls Below $90K After Trump’s Executive Order – What’s Next?
Trump’s Bitcoin Reserve: What Does It Mean for BTC?
According to Arkham Intelligence, Trump’s Executive Order establishes a U.S. Strategic Bitcoin Reserve, funded exclusively by Bitcoin obtained through criminal or civil forfeiture—without using taxpayer funds.
The U.S. government currently holds 198,109 BTC (~$16.92B).
Previously, the government sold 222,684 BTC at an average price of $14,736, missing out on potential gains of $16.14 billion.
The newly created U.S. Digital Asset Stockpile will hold forfeited digital assets without acquiring additional BTC from the market.
Bitcoin Price Analysis: Can BTC Recover?
BTC Faces Key Support Levels
After declining below $90,000, Bitcoin is trading at almost $87,000 now. The next significant assistance falls between $85,500 and $86,000.
If BTC fails to secure the $85,000 level, it might fall significantly down to $82,000 to $83,500.
In case BTC holds an $85000 level and successfully completes a move above $90000 levels, then it may be steered towards the short-term targets of 95000-98,000.
Crypto analyst Ali Martinez claims that BTC is now trading in a triangle pattern, suggesting a possible 20% price movement not too far off.