The stock market lost $1.5 trillion in a single day—equivalent to Bitcoin's entire market cap. Meanwhile, while stocks decline, Bitcoin is outperforming the market and is starting to track Gold rather than stocks. New all-time highs are on the horizon.
U.S. Considers Bitcoin Reserve with Tariff Funds 🇺🇸💰
The White House explores BTC accumulation using unused tariff funds and gold certificate revaluation, aiming to build a Bitcoin reserve without taxpayer costs.
🔜 A national digital asset strategy is coming this summer.
$BTC It's getting pretty dense with positions building up on both sides here.
Bitcoin has traded within a ~4% range for the past 4 days. Which comes after a very volatile previous few weeks.
So you can understand that plenty of longs & shorts have been building up on both sides here. This will likely result in a larger move as one side eventually gets squeezed out.
So keep your eyes out for a clean break below ~$83K or above ~$86K as that could very well be the start of the next bigger move.
Many alts have traded down to their high timeframe support levels.
I'm not too interested in the ones that fell lower and made new lows, but there's a few that are sitting at a spot which previously provided good support and caused a move towards the range highs.
Charts like these just need a little spark by $BTC or $ETH to get the move going. Even without making new highs, the moves next to local range highs can already pretty easily make for a ~2x move seeing how large these ranges are.