Bitcoin – Sentiment Strengthens as Trump Includes Cryptos in U.S. Strategic Reserve

Bitcoin’s price eased early Monday after surging more than 10% over the weekend, driven by the latest comments from President Trump announcing that five digital assets will be included in the U.S. strategic reserves, with Bitcoin at the core.

Trump’s long-awaited signals on the crypto market provided relief after traders’ optimism had faded, causing Bitcoin to plunge below $80K last week—its lowest level in nearly four months.

Profit-taking following the weekend rally has pressured the price on Monday, but renewed positive sentiment suggests any dips will be limited, potentially setting the stage for further gains.

Market attention now shifts to the upcoming cryptocurrency summit at the White House on March 7, which is expected to reinforce bullish sentiment.

Technical indicators on the daily chart show strong bullish signals, following Friday’s sharp downside rejection that left a long-tailed Doji candle and a bear-trap pattern below the 200DMA and the 50% retracement of the $52,563–$109,582 range (at the $81,000 zone). The weekend rally also retraced more than 50% of the pullback from Bitcoin’s latest record high, forming a key reversal pattern.

Additionally, Bitcoin’s weekly close above $90K suggests a false breakdown of key support and keeps the price within a broader consolidation range.

However, further upside momentum is needed to confirm that the recent weakness—hinting at a potential trend reversal—is over.

In the near term, Bitcoin must stabilize above $90K, with a close above the $93,849 resistance (50% retracement of $109,582–$78,115) as the minimum requirement to revive bullish sentiment and sustain the upward trend