$BTC #WhiteHouseCryptoSummit #USCryproReserve As of March 8, 2025, Bitcoin (BTC) is trading at approximately $86,203, reflecting a 3.28% decrease from the previous close. The day's trading range spans from a high of $91,093 to a low of $85,345.
This recent downturn follows President Donald Trump's executive order establishing a "Strategic Bitcoin Reserve," utilizing approximately $17 billion worth of Bitcoin seized from criminal activities. The announcement initially caused market uncertainty, leading to a price dip from about $90,000 to $85,000.
In a related development, the Office of the Comptroller of the Currency (OCC) has clarified that federal banks are now permitted to engage in Bitcoin and cryptocurrency activities, potentially broadening institutional adoption.
Additionally, liquidity is concentrating around the $100,000 mark, indicating a pivotal point for Bitcoin's future price movements.
Overall, Bitcoin's market dynamics are influenced by recent regulatory developments and liquidity trends, contributing to its current volatility.
Have a bit more patience. There’s a very strong support level at 90K–92K. I’m hopeful that this support level won’t break easily.
What might happen is that the price could just give a quick wick below 90K to grab the liquidity and then instantly move upward, marking the final move.$BTC #BTC
$BIO is experiencing high volatility, trading at $0.5713 after a 10.12% decline in the past 24 hours. With a 24-hour high of $0.6401 and a low of $0.5361, the token's price action reflects uncertainty in the market. Currently, BIO is struggling below its 5, 10, and 20-day moving averages, which indicate bearish momentum.
The support at $0.5361 is a critical level to watch. If the price holds above this support, it could signal a rebound toward the resistance zone of $0.60–$0.64. However, if the $0.54 support fails, BIO could see further downward pressure, possibly testing new lows. For traders, this creates an opportunity for both short-term profits and a strategic accumulation phase.
The recent volume of 59.34 million BIO suggests active participation, with traders looking for signals to either enter or exit positions. Short-term traders may consider buying around the $0.54–$0.56 range for a potential bounce. Conversely, risk-averse traders might wait for confirmation of a breakout above $0.58 before entering.
As a holder, my strategy is to monitor market movements carefully. While the bearish sentiment dominates, the consistent volume shows interest in BIO, which could lead to a potential trend reversal if supported by broader market sentiment.
Outlook: In the short term, BIO remains risky for aggressive trading, but its long-term potential might still attract holders like myself. A clear break above $0.60 would restore bullish momentum, while a dip below $0.54 would indicate stronger bearish control.
Are you trading BIO in this volatile market? My decision to hold is based on waiting for clearer signs of market direction. $BIO
Make sure to buy these coins using the DCA (Dollar-Cost Averaging) method, and you can start buying small amounts from now on. $DOGE $SUI $ENA $WLD $JUP
👉 If the 95K support holds, there’s a chance for consolidation.
👉 If it breaks, the next support is at 92K.
👉 Altcoins are expected to grab liquidity and bounce back. However, if these supports break, make sure to place a quick stop-loss on any long positions. $BTC
$DOGE while the price has broken below upper micro support the price is currently still holding above the $0.347 support level, though my view is that upper support ideally should not have broken
I would therefore not be surprised if the price drops back to 30 cents before making another attempt to rally
In just a few hours, the entire upward move in $BTC was wiped out! Over $1 Billion in open interest was erased across $BTC and $ETH, with $200 Million liquidations reported.
Adding to the panic, rumors from China suggest a rapid spread of the HMPV virus, potentially triggering this market drop. Stay cautious! ⚠️
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$BTC #Write2Earn Bitcoin's current analysis on the 4-hour timeframe shows a change in its pattern. After moving in a small pattern before, the price has now broken upwards. It is retesting a level and seems to be heading towards breaking the resistance at 44,248. The current support level is at 41,378
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