Bitcoin Faces Volatility Ahead of Trump’s Crypto Summit
Bitcoin (BTC) is attempting to reclaim the $90,000 mark, with analysts warning of potential volatility ahead of the upcoming White House crypto summit on March 7. Key details include:
- Bitcoin has surged approximately 9% from a support level of $81,500, recently surpassing $90,000.
- Market observers suggest that Friday's summit could lead to significant price fluctuations.
- Key figures attending the summit include Michael Saylor and Coinbase CEO Brian Armstrong.
- Analyst Altcoin Sherpa emphasized the importance of maintaining the $89,000 support level.
- Daan Crypto Trades noted Bitcoin's struggle to hold its current range but remains optimistic about the summit's implications for the future.
- Analyst Crypto Jelle foresees a potential upward target of $140,000 if certain support levels are reclaimed.
- At present, Bitcoin trades at $88,372, reflecting a 1.3% daily drop.
