{"id":632018,"date":"2025-03-03T03:37:37","date_gmt":"2025-03-03T03:37:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=632018"},"modified":"2025-03-03T07:44:09","modified_gmt":"2025-03-03T07:44:09","slug":"bitcoin-price-prediction-as-trump-says-bitcoin-and-other-cryptos-will-be-in-the-us-crypto-reserve-this-meme-coin-ico-tops-3-1-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/bitcoin-price-prediction-as-trump-says-bitcoin-and-other-cryptos-will-be-in-the-us-crypto-reserve-this-meme-coin-ico-tops-3-1-million","title":{"rendered":"Bitcoin Price Prediction: As Trump Says BTC Will Be In US Strategic Reserve, This Meme Coin ICO Offering Free Bitcoin Tops $3.1 Million"},"content":{"rendered":"

The Bitcoin price surged over 8% in the last 24 hours to trade at $93,282.09 as of 9:59 p.m. EST as investors go long on the largest crypto by market cap.<\/span><\/p>\n

The strong BTC price increase comes after US President Donald Trump <\/span>announced<\/span><\/a> that the President’s Working Group on Digital Assets has been directed to include Bitcoin, Ethereum and several other altcoins in a US strategic reserve for cryptocurrencies.<\/span><\/p>\n

Bitcoin Price Breaks Above The $93,190.06 Resistance<\/span><\/h2>\n

\"BINANCE:BTCUSDT<\/p>\n

4-hour chart for BTC\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The <\/span>Bitcoin<\/span><\/a> price has broken above the resistance at $93,190.06 in the last couple of hours, and is now trying to establish a position above this price point. Should the market leader close the next couple of 4-hour candles above this mark, it could have the foundation needed to enter into another leg up and rise to the subsequent resistance level at $99,554.21.<\/span><\/p>\n

On the other hand, a sudden selloff might result in the Bitcoin price dropping below $93,190.06. This could then expose BTC to the risk of plunging all the way down to $87,200.27. <\/span><\/p>\n

In an extremely bearish scenario, the crypto could even fall to $83,082.30 if the sell pressure persists.<\/span><\/p>\n

Technicals Suggest The Bitcoin Price Is In Overbought Territory<\/span><\/h2>\n

From a technical point of view, indicators on BTC’s 4-hour chart show that buyers are still in control, but also warn that the <\/span>Bitcoin<\/span><\/a> price is overbought. <\/span><\/p>\n

Traders will want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the 4-hour chart to try and gauge BTC’s next move.<\/span><\/p>\n

RSI readings have risen from deep oversold territory below 30 to overbought territory above 70 in the last 48 hours, before a slight retracement to the high 60s. This steep ascent suggests growing buyer strength. <\/span><\/p>\n

However, the recent pullback could be an early sign of an upcoming bearish change in power. A bullish scenario will still be in play as long as the RSI remains above its Simple Moving Average (SMA) on the 4-hour chart.<\/span><\/p>\n

Meanwhile, the MACD line is positioned above the MACD Signal line. Traders usually see this alignment as an indication that a crypto is in a positive trend. In recent hours, the MACD line has started to level off above the MACD Signal line, which might indicate that BTC’s bullish momentum has hit a peak.<\/span><\/p>\n

As the Bitcoin price tries to enter into another leg up, investors flock to the presale for a new meme coin called <\/span>BTC Bull Token (BTCBULL)<\/span><\/a> for gains. According to Yellow Trades, a popular YouTube channel with over 62.8K subscribers, BTCBULL could turn $100 into $10,000.<\/span><\/p>\n