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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Donald Trump’s potential Bitcoin stance hinges on the strength of the U.S. economy and the dollar’s dominance in global markets, according to CryptoQuant CEO Ki Young Ju. Bitcoin and gold tend to gain during periods of declining investor confidence in the U.S. economy. However, Trump’s policies may prioritize preserving the dollar as a global safe haven over Bitcoin adoption.
Some nations, like South Korea, still prefer the dollar amidst economic uncertainty, reinforcing its dominance. While this could slow Bitcoin’s institutional adoption under Trump, a weakening U.S. economy might position Bitcoin as a stronger store of value in the long term.
Italy’s Fiscal Challenges May Drive Bitcoin Adoption
Italy has approved its 2025 budget, targeting a deficit reduction from 3.8% to 3.3% of GDP while offering tax breaks for lower-income groups. However, national debt is expected to rise to 137.8% of GDP, driven by energy subsidies.
Stagnant economic growth, projected at just 0.5% for this year, adds to fiscal challenges. With the EU pressuring Italy to meet a sub-3% deficit by 2026, the country faces economic headwinds.
Bitcoin could emerge as a hedge against fiat volatility for Italian investors, providing an alternative as fiscal pressures mount.
MicroStrategy’s Ambitious Bitcoin Strategy
Michael Saylor’s MicroStrategy remains a key Bitcoin supporter, recently acquiring 5,200 BTC at an average price of $106,000 per coin. The company’s holdings now total 444,262 BTC, worth over $41 billion.
Under its 21/21 plan, MicroStrategy aims to raise $42 billion to purchase additional Bitcoin over three years. Saylor’s recent Bitcoin chart post has sparked market optimism, reinforcing institutional confidence in Bitcoin.
These consistent investments suggest that institutional demand could drive Bitcoin prices higher in the coming months.
Technical Analysis: Bitcoin at a Crossroads
Bitcoin (BTC/USD) is trading at $93,640, down 1.41% over 24 hours, with bearish momentum dominating short-term trends.
Key support levels are at $92,100 and $90,400, while resistance is observed at $95,800 and $98,300.
The 4-hour chart reveals a downward trendline and oversold RSI at 40, reflecting selling pressure. A double-bottom pattern near $92,000 provides hope for stabilization.
Bitcoin must break above $95,800 to target $98,300 and regain bullish momentum.
- Resistance Levels: $95,550, $98,330, and $100,250.
- Support Levels: $92,150, $90,404, and $88,761.
- Indicators: RSI at 44 reflects neutral momentum; the 50-day EMA acts as resistance at $95,550.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
