Trader Says President Trump’s Crypto Reserve Plan Massively Bullish for Bitcoin, Unveils Six-Figure BTC Target - The Daily Hodl
A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) after President Donald Trump announced the creation of a Federal crypto strategist reserve earlier this week.
A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) after President Donald Trump announced the creation of a Federal crypto strategist reserve earlier this week.
In a new strategy session, pseudonymous crypto trader Kaleo tells his 692,800 followers on the social media platform X that the unveiling of the strategic reserve is the most bullish announcement he’s heard in the history of the crypto king.
“Bitcoin has literally never had a more bullish announcement and some people are selling here.”
According to Kaleo, those panic selling the news are making a huge mistake, as he predicts the top crypto asset by market cap will once again hit a six-figure price tag in just a few days.
“You’d think Trump just signed a bill banning Bitcoin the way everyone is panic selling. The most powerful government in the world just announced they’re establishing Bitcoin as a STRATEGIC RESERVE. The largest holder of Bitcoin in the world just announced THEY AREN’T SELLING. BE MORE BULLISH.”
The trader’s chart appears to indicate that BTC will hit over $100,000 sometime in the middle of March and over $130,000 in May.
Earlier this week, Trump confirmed the US will create a crypto strategist reserve that will include BTC, Ethereum (ETH), Solana (SOL), and Cardano (ADA), causing the market to spike.
The flagship digital asset is trading for $86,891 at time of writing, a 2.7% decrease during the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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