Analyst: Due to Trump's reaffirmation of establishing strategic reserves, BTC has not experienced a pullback. The market is expected to break through the new resistance level of $110,000
Driven by the U.S. strategic reserve plan, Bitcoin broke through $106,000 for the first time. IG analyst Tony Sycamore said: "The pullback many people expected did not happen because we now have a message that the market is expecting the next number to be $110,000." The analysis suggests that this so-called message refers to Trump reiterating his intention to establish a Bitcoin strategic reserve.
When asked in an interview with CNBC last week whether he planned to set up a crypto reserve similar to oil reserves, Trump replied: "Yes, I think so."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: If BTC falls below $87,032, the cumulative long liquidation intensity on major CEXs will reach $1.376 billion.
The altcoin season index remains at a low level, currently at 19.
The probability of Stable token's FDV exceeding $2 billion on its first day of launch rises to 85%
Trending news
MoreCrypto prices
More
