Hey Traders! After reaching an all-time
high (ATH) of $108,889 on the day of Donald
Trump's White House Presidential
Inauguration Ceremony, BTC has failed to
maintain its upward momentum. With zero
mention of Bitcoin or cryptocurrencies at all,
the community may have set its expectations a little higher.
Bearish sentiment has come to cool the markets off from their lofty highs. G Trump's Moves Signal Strong Crypto Support While Donald Trump didn't mention Bitcoin in his inaugural
address, his recent actions show his
commitment to pro-crypto policies: * Paul
Atkins as SEC Head: A known crypto
advocate, Atkins' appointment signals
regulatory reforms to favor digital assets. *
David Sacks as "Al and Crypto Czar": A
venture capitalist and former COO of PayPal
Sacks is a strong supporter of blockchain
and cryptocurrencies. Sacks has ties to
Solana, hinting at deeper integration of
crypto into the administration's vision.
Key Technical Levels to Watch for Bitcoin
Bullish Scenario: * A recovery and hold
above the $109K level would signal the
return of buying momentum. * A breakout
with strong trading volume could push BTC
to retest its previous highs, paving the way
for further gains. * Key accumulation zones
for buyers: * Psychological support at
$100K * Technical support at $95K
Bearish Scenario: * A break below $102K
with increasing volume could signal a shift in
bearish dominance. * Failure to hold $100K
as support would heighten downside risks,
with $95K as the next critical support level
* Persistent selling pressure and a lack of
bullish catalysts may leave the market
vulnerable to further declines. Watch
these levels closely, as Bitcoin's next move in the coming days could setthetone for
the market. Are you trading