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I regret to be the bearer of this news, but Jim Cramer may have a positive outlook on Bitcoin.
Not precisely, but during CNBC’s Squawk, Jim expressed that he believes Trump might replenish the U.S. reserve if the BTC price reaches $60,000 again.
On-chain analytics indicate that the U.S. government currently possesses approximately 328,372 BTC (valued at over $21 billion), yet there has been no significant activity in the wallet lately.
Source: Arkham
No one can confirm if this will actually occur, but according to Polymarket, there is an estimated 30% likelihood that the U.S. government establishes a Strategic Bitcoin Reserve before 2027.
In the long term, Bitcoin price forecasts are predominantly optimistic, and this potential catalyst reinforces that perspective. Here is the current chart analysis.
Bitcoin Price Prediction: No, Don’t Tell Me We’re Heading $60,000 Again
BTC remains entrenched in a clear downtrend, but this is the phase of the chart where things typically become more interesting.
The Bitcoin price is around $66,000 while the RSI indicates it is oversold.
Source: BTCUSD / TradingView
Below, $64,000 is the initial support level to monitor, and if that level fails, attention will quickly shift to $60,000.
Above, $71,000 represents a significant resistance level.
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If Bitcoin can break through and maintain a position above it, the short-term trend could shift to bullish rapidly, making $80,000 a possibility, with $90,000 seeming less far-fetched.
Until that occurs, it technically remains a downtrend, but sellers are evidently losing momentum.
If you find yourself bored watching Bitcoin move sideways with little action for days, there is something new and intriguing that may rekindle your interest. Even better, it is built on Bitcoin. Introducing Bitcoin Hyper.
Bored of Bitcoin? Bitcoin Hyper Might Interest You
Bitcoin can remain oversold at $66,000 for extended periods while narratives develop and on-chain activity remains unchanged. That is the challenge. It is secure, yet passive.
Bitcoin Hyper ($HYPER) is designed for traders seeking more than just waiting.
This Bitcoin-centric Layer-2 utilizes Solana technology to enhance BTC’s speed, reduce costs, and facilitate payments, applications, and genuine on-chain activity, all while preserving Bitcoin’s core security.
While Bitcoin struggles in downtrends and discussions revolve around $60,000 or $90,000, Bitcoin Hyper is already making progress.
The presale has generated over $31 million to date.
$HYPER is currently priced at $0.0136751 before the next increase, along with staking rewards of up to 37%.
If Bitcoin seems dull again, Bitcoin Hyper aims to address that.
Visit the Official Bitcoin Hyper Website Here
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