There has been no enthusiasm in the crypto society since the new POTUS’s first weeks in administration. However, with recent promises and actions made by Donald Trump, Bitcoin might finally get positive information about its future.
Trump at DAS: Will Bitcoin be mentioned?
Right before the inauguration of Donald Trump, Bitcoin reached its ATH level, surpassing $109,000. However, its price has plummeted during the last two months, roughly stabilizing between $80,000 and $85,000.
March 20 might be the first sign of the crypto-friendly approach from Donald Trump’s administration. The President plans to make a speech during the Digital Asset Summit 2025 in New York. Experts discuss whether Trump will connect live or organizers will play a pre-recorded speech, but it’s not the most essential aspect.
Crypto enthusiasts keep waiting for the official establishment of the U.S. Strategic Bitcoin Reserve. This move will definitely improve the importance of the biggest cryptocurrency in national financial security.
Trump won’t be the only speaker during the summit. One of the most awaited people is Micheal J. Saylor, whose MicroStrategy invests in Bitcoin on an unusual, substantial scale. As a pioneer in corporate crypto investments, Saylor aims to lobby for loosening regulations.
Current BTC situation
Where does Bitcoin stand before Donald Trump’s upcoming announcement during the Digital Asset Summit?
From a technical perspective, BTC is in an interesting place. The bear camp is supported by the achievement of the resistance line lasting since February (blue) and the 0.382 fib retracement of the movement lasting since September last year. On the other hand, the arguments for growth are also becoming quite clear. Since March 11 (local bottom), BTC has been making higher lows, and as if that was not enough, 4 days later, a golden cross on MACD 1D occurred. In addition, there is a clear bullish divergence – despite new price lows, the RSI was growing, indicating the construction of bullish momentum (yellow lines).
What about other cryptos?
Bitcoin is usually a leader of potential changes in the crypto market, so changes in its value can push altcoins to movements. Additionally, DAS focuses on digital assets in multiple ways, which can impact other market assets.
Traders have already noticed some positive signs that haven’t been seen. Ethereum has crossed the $2,000 level and recorded an almost 10% rise for the last two days. Analysts point out the vital break of the $1,950 level.
Ripple can also play a crucial part in the upcoming changes in the crypto market. Together with Trump’s admiration for the XRP, Ripple has won a massive trial against the SEC, which will revoke its appeal against the company.
