Bitcoin could keep falling!
Recent developments have significantly influenced Bitcoin's market sentiment. Following President Donald Trump's announcement of establishing a U.S. Crypto Strategic Reserve, Bitcoin experienced a surge, reaching highs of approximately 94,834. However, these gains were not sustained, with prices retracting to around 86,000, reflecting a degree of market skepticism regarding the reserve's impact.
Current trading data shows Bitcoin priced at 83,748 (open) from the previous close. The day's trading range has seen a high of 93,666 and a low of 82,521.
Looking ahead, forecasts suggest a cautiously optimistic bearish outlook for Bitcoin.
There is enthusiasm for 96K, but challenges remain regarding market volatility to drive prices toward new highs.
In conclusion, while recent announcements have provided short-term boosts to Bitcoin's value, the market remains influenced by the 86K resistance bearish pressure zone.
Current trading data shows Bitcoin priced at 83,748 (open) from the previous close. The day's trading range has seen a high of 93,666 and a low of 82,521.
Looking ahead, forecasts suggest a cautiously optimistic bearish outlook for Bitcoin.
There is enthusiasm for 96K, but challenges remain regarding market volatility to drive prices toward new highs.
In conclusion, while recent announcements have provided short-term boosts to Bitcoin's value, the market remains influenced by the 86K resistance bearish pressure zone.
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Trading is not gambling, you can and should make money in trading, join me and I will guide you to profitable trading!
👊Join the free Telegram group:
t.me/+0kODBl3iATRmNzFk
👊Join the free Telegram group:
t.me/+0kODBl3iATRmNzFk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.