Bitcoin (BTC) approached $ 93,000 on March 2, while US President Donald Trump doubled on a strategic cryptography reserve.
BTC / USD 1 day. Source: Cointelegraph / TradingView
Trump writes: “I also like Bitcoin and Ethereum!”
Cointelegraph Markets Pro and TradingView data have shown that BTC / USD gained 8% in rare volatility of the weekend.
Trump ignited a crypto storm in the weekly fence after articles on social truths have referred to a crypto reserve that would include BTC, ether (ETH) and several altcoins.
After initially referenced only XRP (XRP), Solana (Sol) and Cardano (ADA), the president’s account added additional token plans.
“And, obviously, the BTC and the ETH, like other precious cryptocurrencies, will be at the heart of the reserve,” he said in another post.
“I also love Bitcoin and Ethereum!”
Source: Social truth
The reduced liquidity of the weekend orders book has thus ensured rapid gains in cryptographic markets, BTC / USD reaching almost $ 92,000 on Bitstamp.
“Market changes occur when no one expects it,” replied Van de Poppe, analyst and entrepreneur, analyst and entrepreneur Michaël Van de Poppe on X.
“The last crash, probably the biggest manipulation of all time for people to bring together major positions in $ BTC and $ ETH. The bottom is in place. The bottom is on altcoins. The last easy cycle started. »»
Source: Lookonchain / X
The race for local summits thus sealed 17% compared to the multimonthe background nearly $ 78,000 saw two days before.
As part of volatility, XRP managed to overcome the ETH by an entirely diluted evaluation (FDV).
“This is what the crypto was waiting for,” added Kobeissi’s letter, Kobeissi’s letter added in a part of his own reaction.
$ 93,500 Price recovery in BTC is still essential
The continuous trader and popular analyst Rekt Capital ranked diving at $ 78,000 as a “diversion of decline”.
In relation: When is Bitcoin below?
As Cointelegraph reported, such deviation events have classified the previous Bitcoin bull markets.
“Bitcoin has recovered almost all of its downward deviation,” wrote Rekt Capital in a new analysis post.
“The price must now close weekly above the reactive range of $ 93,3500 to recover the range. And Bitcoin is only + 2% to do so. »»
BTC / USD 1 week. Source: Rekt Capital / X
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
