Crypto Summit Tomorrow: Will Bitcoin Hold at $90,000 or a 'Sell the Fact' Moment?

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Tiger_comments
03-06
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$CME Bitcoin - main 2503(BTCmain)$ surpassed $90,000, marking a 6% rebound from its February 27 low of $83,000. As it would be granted special status in the national strategic cryptocurrency reserve. In contrast, the Crypto Fear and Greed Index remained in the "Extreme Fear" zone.

Before recent two weeks, it has been declining due to the ongoing tariff announcements by President Donald Trump.

Will a Bitcoin Strategic Reserve Increase Liquidity?

Donald Trump aims to create a federal cryptocurrency reserve. His team is starting to account for the cryptocurrency holdings the government already possesses.

On Sunday, Trump stated that he hopes to establish a reserve similar to the U.S. gold reserve, which would include Bitcoin, Ethereum, and three other smaller tokens.

Trump did not clarify whether the reserve would purchase new cryptocurrencies or redistribute existing ones seized from criminals. If the U.S. government were to buy cryptocurrency, it remains unclear which agency would regulate the purchasing process and how the purchases would be made. Large-scale purchases may require congressional approval.

Who Could Benefit?

The summit on Friday will bring together leaders from the cryptocurrency industry, including $Coinbase Global, Inc.(COIN)$ CEO Brian Armstrong, Kraken CEO Jesse Powell, and $Strategy(MSTR)$ Chairman Michael Saylor.

Bitcoin’s steadfast supporter, Michael Saylor, believes that Bitcoin, as a core asset for the strategic reserve, could gain further legitimacy with government backing, potentially driving its price up by 10%-20%. He predicts the summit could encourage more institutional investors to enter the Bitcoin market, benefiting from Bitcoin's scarcity and long-term value proposition.

How Will Bitcoin Move in a Technical Analysis?

Since the correction from the $82,000 low has been completed, the price has entered a stronger momentum phase. Although it is currently in a consolidation phase, the strength and sustainability of the upward movement are worth watching.

Analysts believe that Bitcoin is "stuck" in a range between $90,000 and $92,000, facing resistance at the 50 EMA at $94,400. However, the overall outlook is much improved from a month ago. Bitcoin is slowly moving toward the $108,000–$109,000 range, with a potential 20% increase.

How do you expect crypto summit?

More good vibes or sell the fact?

Can Bitcoin surpass $100,000 again?

Is it a good time to add $Strategy(MSTR)$?

Leave your comments and also post to win tiger coins~

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • Shyon
    03-08
    Shyon
    Bitcoin’s rebound past $90,000, coupled with Trump’s proposal for a strategic cryptocurrency reserve, adds an interesting dynamic to the market. While details on implementation remain unclear, the potential for Bitcoin to be recognized as part of a national reserve could further legitimize its role as a long-term asset.

    From a technical standpoint, Bitcoin is consolidating around key resistance levels, but the overall trend has improved significantly. If momentum continues, a move toward the $108,000–$109,000 range isn’t out of the question. However, for short term, I’m watching how the market reacts—whether this rally sustains or turns into a “sell the fact” scenario after the summit.

    While Bitcoin’s long-term outlook remains strong, cautious positioning is key given recent volatility. I’m keeping an eye on both Bitcoin and related stocks like $MicroStrategy(MSTR)$, as institutional adoption could provide further upside.

    @Tiger_comments @TigerGPT @TigerStars @Daily_Discussion

    • TigerGPT: 

      MicroStrategy (MSTR) Stock Analysis

      Business Overview: MicroStrategy is a leading worldwide provider of enterprise analytics and mobility software. The company specializes in helping organizations harness the power of data and transform it into actionable insights. MicroStrategy's software allows businesses to make data-driven decisions and optimize their operations.

      Earnings and Forecast: The earnings forecast for MicroStrategy shows a mixed picture. In the most recent fiscal year, the company is expected to report a loss per share of $0.45. However, the forecasted gross income for the same period is $474.59 million, indicating potential growth. Looking further ahead, the earnings forecast for the next fiscal year suggests a loss per share of $0.22. It's important to note that these forecasts are subject to change based on various factors.

      Analyst Recommendations and Target Price: Analysts have mixed opinions on MicroStrategy. Out of 12 analysts covering the stock, 3 recommend holding, and 8 recommend buying. The average target price estimated by analysts is $439.55, with a low estimate of $187.5 and a high estimate of $600.0. It's always advisable to consider multiple analyst opinions and conduct further research before making investment decisions.

      Capital Flow Data: Tracking the capital flow of a stock is important for investors. Over the past five days, MicroStrategy has experienced fluctuations in the capital flow. On March 6, there was a net outflow of approximately 58.7 million shares. Monitoring the capital flow can provide insights into investor sentiment and potential market trends.

      Support and Resistance Levels: As of March 6, the support price for MicroStrategy stock was $246.92, while the resistance price was $388.92. These levels indicate the potential boundaries within which the stock price may fluctuate. Traders and investors often utilize these levels to make trading decisions.

      Current Stock Price: As of March 8, the stock price for MicroStrategy is $287.18. Please note that stock prices are subject to market fluctuations and can change rapidly.

      Summary and Disclaimer: The analysis of MicroStrategy stock indicates a mixed outlook. While the earnings forecast suggests potential growth, it's essential to consider the company's current financial performance and market conditions. The opinions of analysts and the target price provide additional perspectives for investors to consider. The recent fluctuations in capital flow and the support and resistance levels are important technical indicators to monitor while making investment decisions. However, it is important to note that investing in stocks involves risks, and it is always recommended to conduct thorough research and consider personal investment goals and risk tolerance. This information is for reference purposes only and should not be considered as investment advice.

    • Shyon: 
      Come and join my friends @Fenger1188 @GoodLife99 @icycrystal @b1uesky @1PC @Barcode @nomadic_m @koolgal @rL
  • LleyZ
    03-06
    LleyZ
    Bitcoin has shown remarkable resilience, rebounding strongly from its recent correction and entering a phase of renewed momentum. While currently in consolidation, the overall trajectory remains bullish, with analysts eyeing a potential move toward the $108,000–$109,000 range. The improvement from last month’s outlook suggests growing confidence in Bitcoin’s strength, making the current range an interesting accumulation zone.


    With the upcoming crypto summit, sentiment could turn even more positive, potentially acting as a catalyst for Bitcoin to break past the $100,000 mark once again. As institutional interest continues to rise, assets like $Strategy(MSTR)$ could benefit as well.
  • MHh
    03-07
    MHh
    The crypto summit is good news in general for crypto. However, I expect the the price to surge only if the government buys more coins to fuel demand. Investors’ confidence will boost especially if the government offers regulation like any other currency. In view of the news, there should be sufficient momentum for bitcoin to revisit $100k but I think that higher prices can only be achieved if the government starts buying to add to the reserves. $Strategy(MSTR)$ might be a good trade swing to ride on this momentum. However, I would consider further potential before investing in the longer term as it is too volatile and very dependent on news.
    @Universe宇宙 @HelenJanet @SPOT_ON @Wayneqq @Fenger1188 @rL @Success88 @DiAngel @Kaixiang come join
  • Aqa
    03-06
    Aqa
    The price of Bitcoin is in a strong upward momentum phase. At the Crypto summit tomorrow, President Trump will establish a U.S. reserve to include Bitcoin, Ethereum, and three other smaller tokens. Bitcoin is moving towards the $108,000–$109,000 range, with a potential 20% increase. Thanks @Tiger_comments @icycrystal @Shyon @SPOT_ON
  • 1PC
    03-06
    1PC
    Hold and Endure the Roller 🎢 coaster 🎢 Ride. the Brave will be rewarded at the end of the ride [Sweats] @Jes86188 @Gis @新美股神 @Aqa @JC888 @koolgal
  • koolgal
    03-08
    koolgal

    🌟🌟🌟A Cryptocurrency Reserve would be great news for Bitcoin, Ethereum and Crypto related stocks once it is truly in operation.  For now the actual details as to how it would be implemented , when it would be implemented etc. are not clear.  However any positive news would drive up bullish sentiments on Crypto.

    Donald Trump is very much pro Crypto but his proposed tariffs have caused  Bitcoin and Crypto related stocks to drop.  Cryptocurrencies are volatile assets to hold.  However I believe that with the Trump Administration's pro Crypto stance and big institutions involvement, Bitcoin will continue to go past the USD 100,000 mark in the long term.

    @Tiger_comments  @TigerClub  @CaptainTiger  @TigerStars  


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