BITCOIN: TRUMP TRIGGERING FAST Unravelling For The Next SHOCK Move

Jason Pizzino

Market Overview

President Trump has signed an executive order to develop a national digital asset stockpile, aiming to make the US a hub for crypto and AI. Despite this, the price of Bitcoin has not seen significant movement.

Key Points

  • Trump's executive order aims to make the US a hub for crypto and AI
  • Bitcoin's price has not reacted significantly to the news
  • The market is waiting for the effects of the executive order to come into effect
  • There is a possibility of a short-term correction, but the long-term outlook for BTC remains positive

Technical Analysis

  • Bitcoin is forming higher lows on the short-term chart
  • The daily chart shows consolidation above the $10,300 level
  • The USDT dominance is breaking down, which could lead to a bull mania
  • The true altcoin market cap is above the short-term 50% level

Altcoins

  • Ethereum is trading in a range between $3,100 and $3,500
  • XRP is still in a trading range between $290 and $340
  • Solana and Suey are also trading in ranges, with Solana needing to find strength to continue higher
  • Pepe and Doge are showing signs of breaking down, while Trump is continuing its downtrend

Market Sentiment

  • The Bitcoin Fear and Greed Index is in greed, but the market is waiting for the effects of the executive order to come into effect
  • The Google Trends data shows increasing interest in crypto and Bitcoin
  • The exchange volume has increased, indicating more participants in the market

Conclusion

The market is waiting for the effects of Trump's executive order to come into effect, and there is a possibility of a short-term correction. However, the long-term outlook for BTC remains positive, with the potential for a bull mania if the USDT dominance breaks down. Altcoins are trading in ranges, and the market sentiment is greedy, but cautious.