Bitcoin (BTC) sought to strengthen higher support at the opening of March 20 in Wall Street while the bulls broke out from a downward trend.
BTC / USD 1 hour. Source: Cointelegraph / TradingView
Trump undertakes to make us “Bitcoin Superpower”
Cointelegraph Markets Pro and TradingView data showed that BTC / USD returned above $ 86,000.
Now encircling the Daily Open, Bitcoin has continued to rely on the force that came the day before thanks to encouraging the macroeconomic signals of the American federal reserve.
The rumors of another announcement on the crypto of the American government administration helped the BTC at prices to reach peaks of two weeks.
President Donald Trump was to present virtual comments on the third day of the Digital Asset Summit 2025 blockworks event in New York.
Trump has doubled his commitment not to sell confiscated American Bitcoin, as well as final regulatory mechanisms such as the ChokePoint 2.0 operation. However, no new information on BTC purchases has been delivered.
He said:
“Together, we will make America the undisputed bitcoin superpower and the world capital of cryptography.”
https://www.youtube.com/watch?v=Zelyvaq0jt
In doing so, BTC / USD has recovered two Key Mobile Mobile Trend lines, including the simple 200 -day mobile average (SMA), a key support component during bull markets.
The analysis of the current landscape, popular traders and Rekt Capital analysts focused on similar recovery of the 200 -day exponential mobile average (EMA).
“Bitcoin recently closed daily above 200 EMAs and in fact is now retesting in a new support,” he wrote in part of his last content on X, calling the “long-term gauge long-term gauge line of investors to the BTC”.
BTC / USD 1 day with 200 SMA, EMA. Source: Cointelegraph / TradingView
Another post X revealed a more impressive feat of Bulls, with the daily graphic showing an escape from a downward trend on the Bitcoin’s relative force index (RSI) – something in place since November 2024.
“Bitcoin broke the daily decreased trend dating from November 2024,” confirmed Rekt Capital.
BTC / USD 1 day. Source: Rekt Capital / X
Analysis: markets can “wake up” to Fed Hawkish
Continuing on the macro image, the commercial company QCP Capital was cool on the prospects.
In relation: Peak ‘fud’ alludes to $ 70,000 from floor – 5 things to know in Bitcoin this week
He warned that the initial-Risk-Aset rebound on the back of the Fed’s decision could easily be reversed.
“Beyond the immediate excitement, the Fed tone was notably cautious. Decision-makers decreased the projections of economic growth to 1.7%(a reduction of 0.4%), while increasing their inflation forecasts to 2.8%, signaling an increasing risk of stagflation,” he wrote in his latest bulletin to telegram channel subscribers.
“In addition, the Fed dot plot revealed a more bellicist change compared to that of December, the number of civil servants providing no drop in rate in 2025 going to four.”
The target rate probabilities fed for the June FOMC meeting. Source: CME Group
The latest data from the Fedwatch tool from the CME group have shown that the markets retaining interest rate reduction that occurs as soon as possible June.
“Will the rally maintain, or will investors wake up from the reality that the risks remain in play?” Questioned QCP.
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