Coin-Turk 35 minutes ago
51
Bitcoin 
$83,584 may encounter increased uncertainty if it closes the week below the critical support level of $82,000. The executive order signed by U.S. President Donald Trump regarding the establishment of Bitcoin reserves from seized crypto assets seems to have fallen short of investor expectations. This development is anticipated to negatively impact investor sentiment in the short term.
Market Developments
Bitfinex analysts noted a short-term negative reaction in the market due to the lack of direct Bitcoin investments. Investors were expecting strong institutional support signals from federal accumulation, but the reliance on existing assets has adversely affected these expectations.
“Investors hoped that federal Bitcoin accumulation would provide institutional support. However, the shift towards existing assets has diminished those expectations.” – Bitfinex Analysts
Currently, Bitcoin is trading below the psychological level of $90,000. Investors are acting with the expectation of a closing above the…
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