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- Trump's Crypto Reserve Propels Bitcoin Surge, $500K Target Set
Trump's Crypto Reserve Propels Bitcoin Surge, $500K Target Set
Trump’s crypto reserve plan boosts Bitcoin’s price surge while Standard Chartered raises its long-term forecast, igniting institutional interest.
Joe G & Money Talks
March 04, 2025 • Estimated Reading Time: 6 minutes
What we will talk about today...
Trump's Crypto Reserve Propels Bitcoin Surge, $500K Target Set
Bitcoin Faces Deep Correction Risk
Michael Saylor: Bitcoin's Success
Trump’s crypto reserve plan boosts Bitcoin’s price surge while Standard Chartered raises its long-term forecast, igniting institutional interest.
Main Points:
Crypto Reserve Announcement: Trump unveils plan including Bitcoin, Ethereum, XRP, Solana, and Cardano.
Price Surge: Bitcoin jumps from $85K to nearly $95K post-announcement.
Bold Forecast: Standard Chartered revises Bitcoin target, projecting $500K by 2028.
Institutional Impact: Proposal may prompt states to establish their own Bitcoin reserves.
Legislative Momentum: Bills aim to accumulate national Bitcoin holdings, reinforcing market confidence.
Detailed Insights:
Trump’s crypto reserve plan includes Bitcoin, Ethereum, XRP, Solana, Cardano.
Bitcoin surged from $85K to nearly $95K following the announcement.
Standard Chartered sharply revises Bitcoin forecast, projecting $500K by 2028.
States may establish reserves, emulating federal strategy for Bitcoin holdings.
Legislative bills aim for U.S. government to acquire one million BTC.
Market volatility calmed, hinting at stabilization akin to a ‘Fed put’.
Institutional adoption appears imminent as policy shifts boost crypto confidence.
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Bitcoin Faces Deep Correction Risk
Bitcoin fell 8.5% in 24 hours, breaching the 200-day SMA and risking further losses amid global tariff pressures.
Basically, #Bitcoin rejected at the resistance at $95K and is back chopping around.
All liquidity on both sides have been taken.
What to expect?
Honestly, I think we'll need to wait until this week is over as there's a lot of macro-economic data & events and the Summit.
— Michaël van de Poppe (@CryptoMichNL)
9:11 AM • Mar 4, 2025
📈#Bitcoin fishing for liquidity 🎣
~95K and ~70k look like the areas of interest, the question will be if Bulls can get a squeeze going, or if the selling is just to strong?
I'm not seeing any strength at the moment, all of #Crypto is taking a beating.
#BTC
— AlphaBTC (@mark_cullen)
4:36 AM • Mar 4, 2025
Main Points:
Rapid Price Drop: Bitcoin fell from rally highs to an intra-day low near $82K.
Tariff Impact: US tariffs on key imports triggered widespread market sell-offs.
Key Support Breach: Falling below the 200-day SMA could lead to deeper corrections.
Massive Liquidations: 24-hour liquidations neared $980M, wiping out significant long positions.
Buyer Interest Noted: Increased activity in the $70K–$80K range hints at potential further dips.
Detailed Insights:
Bitcoin plunged from $94,422 high to an $82,450 intra-day low.
US tariffs on imports triggered widespread market drawdowns and selling pressure.
24-hour liquidations reached nearly $980M, erasing more than $350M positions.
200-day SMA at $82,500 must hold to avoid deeper declines.
Van de Poppe warns below $78,200 may trigger a massive volume drop.
Buyer interest in the $70K–$80K range suggests potential further liquidity sweep.
₿itcoin reached $83,325. -11.51%
♢Ethereum reached $2,086. -13.13%
Bitcoin enters its third corrective phase, hinting at a potential surge above $100K toward $130K.
Main Points:
Third Correction Phase: Bitcoin enters its third corrective stage since early 2023.
Breakout Signal: A sustained close above $100K could trigger a parabolic surge.
Historical Patterns: Past cycles in 2023 and 2024 ended with rapid upward moves.
UTXO Insights: Convergence in UTXO age bands signals temporary resistance.
Near-Term Outlook: Correction may persist for 2–3 months between $80K and $100K.
Detailed Insights:
Bitcoin is in its third corrective phase since early 2023.
Historical corrections have reset market momentum before strong bullish runs.
A breakout above $100K has historically triggered parabolic upward surges.
UTXO age bands indicate resistance when recent holdings converge sharply.
Correction phase may last two to three months with defined price range.
A decisive breakout could propel Bitcoin toward a $130K target.
Market metrics suggest potential rapid gains after clearing major resistance.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results