Crypto Markets Thrive With Crypto Statergic Reserve Announcement—Is a ‘Global FOMO’ Incoming for the Bitcoin Price Rally?
The market capitalization of cryptography exceeded 3 billions of dollars after a brief sale. Interestingly, the sale and the recent recovery were both launched by the American president, Donald Trump. With the taxation of prices, the cryptographic markets have plunged, the price of the BTC marking the low costs less than $ 79,000, while the announcement of a cryptographic strategic reserve, the price fell above $ 95,000. With a slightly optimistic scholarship, market players now see a little hope before the first quarterly fence.
President Trump announced the implementation of a cryptographic strategic reserve with Bitcoin, Cardano, XRP and Solana, which could soon start a world FOMO. As rightly indicated by Senator Lummis, the cryptographic war could begin. China would have a secret meeting behind closed doors while discussing the same thing. However, this decision seems to be more to strengthen the economy of the United States, which now has a national debt of more than 36.2 billions of dollars.
The announcement seems to have followed an analysis according to which the crypto is a magnet for investors. According to some reports, more than $ 300 billion stole the markets after the announcement. In addition, the pretension to make the United States the world capital of cryptography should attract cryptographic investors who could invest $ 5 million to obtain American citizenship such as the craze for the Memcoin launched by the president himself validated the growing adoption of cryptography around the world.
What is the next step with the Bitcoin price rally (BTC)?
The Bitcoin Prix experienced a magnificent jump during the last weekend when it exceeded $ 95,000 from local funds. The current price action concluded the CME difference between $ 80,670 and $ 78,000 to a large extent, but, in turn, has rather created a major difference. The start of the monthly trade was with a bullish rebound, followed by a 12%leap. Unfortunately, these 12% have formed a huge gap on the CME, and therefore the price should now correct to fill the gap.
As the graphic above shows, the price of the BTC was faced with a decline and enters the CME GAP range between $ 85,720 and $ 91,630. The price is known to have filled the nearest gaps in previous times, as it did in July-August 2024. Even if the price drops to fill the void, the crypto will remain in the bull beach between the 50 days and 200 days, which acts as a strong resistance and levels of support. Therefore, the breakdown of one or the other of the levels can validate the management of the next price action.
The price of Bitcoin began the February trade on a lower note and maintained a strong downhill trend throughout the month. Consequently, the price is now supposed to fill the gap and the rebound to reach $ 100,000 because the monthly start was extremely optimistic. However, uncertainty in cryptographic markets continues to win because the feelings remain frightened.
