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Analyst: BTC has not experienced a pullback due to the impact of Trump's reiterated establishment of strategic reserves, and the market will look forward to breaking through the new resistance level of $110,000.
Golden Finance reported that, possibly driven by the US Strategic Reserve Plan, BTC first broke through $106,000. IG analyst Tony Sycamore said, “The anticipated pullback did not occur because we now have a message that the market’s next target is $110,000.” Analysis believes that the so-called message here refers to Trump’s reiteration of establishing a strategic reserve for Bitcoin. When asked in a recent CNBC interview if he planned to establish an encryption reserve similar to the oil reserve, Trump replied, “Yes, I think so.”