While the cryptocurrency market has been in turmoil in recent days, with notable fluctuations in Bitcoin and Altcoins, Donald Trump has announced to set up a BTC strategic reserve. What can we expect in the coming days?
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Last Sunday, Donald Trump created the surprise by announcing on Truth Social having given as an investigation to his working group on cryptocurrencies to “move forward” in the establishment of a Bitcoin Strategic Reserve. An initiative that comes at a time when Cryptos regulations are at the heart of political debates in the United States.
The effect on the evolution of the price of bitcoin was not long in coming: in the hours that followed the ad, Bitcoin jumped $ 85,000 to almost $ 95,000. Some altcoins have also recorded spectacular gains, such as Cardano (+40 %) and XRP (+16 %).
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This rebound has drawn the attention of analysts and investors, who see it as a strong signal. According to Geoff Kendrickmanager of digital assets at Standard Charterd, this announcement marks a turning point: “ We have gone from a sales strategy on rallies to a purchasing strategy on hollows. »»
According to him, the implementation of a Bitcoin strategic reserve in the United States could Strengthen long -term market stability. He also claims that this new deal leads him to ” reflect [sa] Bitcoin forecast at $ 500,000 ».
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A realistic or exaggerated forecast?
Geoff Kendrick estimates that the greatest cryptocurrency gradually becomes a stable component of global investment portfolios and a rampart in the face of the uncertainties of the traditional financial system.
In a note intended for investors, he specifies that if the current dynamics are maintained, according to him, Bitcoin could reach $ 200,000 by the end of 2025, $ 300,000 in 2026, $ 400,000 in 2027 and $ 500,000 in 2028. According to him, “cThis trajectory is online with our previous expectations, and we think that Bitcoin will remain around this level until 2029 ».
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From a technical point of view, the French -speaking crypto analyst Tagado Bitcoin & Crypto observes that Bitcoin is currently in a Daily descending bevel : he stresses that Bitcoin has already made 5 contact points on the support and 4 on the resistance. “” There is no doubt that we will soon have a real break He says.
“” This type of pattern breaks from above in about 80 % of cases ». If this configuration is confirmed, it could reinforce the upward perspectives mentioned by Standard Charterd and pave the way for a test of $ 109,000, corresponding to All-Time High (ATH) of Bitcoin.
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Source : The Block
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