Bitcoin Surges 8% After Trump's Strategic Reserve Announcement

Coin WorldMonday, Mar 3, 2025 2:14 am ET

1min read

Bitcoin (BTC) price has witnessed a sharp 8% surge on Sunday following President Donald Trump’s announcement of the US Strategic reserve. Over the past week, BTC has experienced strong volatility, moving from lows under $80,000 to levels above $95,000. Investors are now speculating whether this BTC rally can sustain or if it's just another pump and dump.

Amidst the massive volatility in BTC, some market analysts have expressed caution moving forward. Veteran trader Peter Brandt has drawn attention to a new gap in Bitcoin (BTC) futures, suggesting potential price movements ahead. In his recent post, Brandt noted: “And suddenly Bitcoin futures have another gap to fill,” hinting that the Bitcoin price could retrace back to fill the gap.

This indicates that the heightened volatility in BTC can continue further from here onwards. Another crypto analyst, Rekt Capital, stated that Bitcoin has achieved a significant milestone this week, filling CME gaps at both $78,000-$80,700 and $92,800-$94,000. However, the surge has also resulted in the creation of a new, sizable CME gap between $84,650 and $94,000. Analysts will now closely monitor Bitcoin price action to see how it interacts with this fresh gap.

Analyst Rekt Capital further stated that Bitcoin has successfully managed to deliver the weekly close above $93,500, thereby preserving the re-accumulation phase. This move preserves Bitcoin’s position within the re-accumulation range, signaling strong market support at this critical threshold. The analyst further added that a future weekly close above ~$104,500 could mark a significant breakout from this range, potentially setting the stage for further price momentum.

Prominent crypto analyst Ali Martinez has noted an intriguing divergence between Bitcoin’s price movement and global liquidity trends. According to Martinez, global liquidity has been on the rise, a metric to which Bitcoin has historically shown strong correlation.

Soon after President Donald Trump announced US strategic reserve for Bitcoin and top altcoins, the crypto market has been in a state of euphoria. Altcoins like XRP, ADA, and sol rallied anywhere between 20-60% yesterday.

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