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Trader Says President Trump’s Crypto Reserve Plan Massively Bullish for Bitcoin, Unveils Six-Figure BTC Target

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
March 7, 2025
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Trader Says President Trump’s Crypto Reserve Plan Massively Bullish for Bitcoin, Unveils Six-Figure BTC Target
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A broadly adopted crypto analyst is updating his outlook on Bitcoin (BTC) after President Donald Trump introduced the creation of a Federal crypto strategist reserve earlier this week.

In a brand new technique session, pseudonymous crypto dealer Kaleo tells his 692,800 followers on the social media platform X that the disclosing of the strategic reserve is essentially the most bullish announcement he’s heard within the historical past of the crypto king.

“Bitcoin has actually by no means had a extra bullish announcement and a few individuals are promoting right here.”

Based on Kaleo, these panic selling the information are making an enormous mistake, as he predicts the highest crypto asset by market cap will as soon as once more hit a six-figure price ticket in just some days.

“You’d assume Trump simply signed a invoice banning Bitcoin the way in which everyone seems to be panic promoting. Probably the most highly effective authorities on the earth simply introduced they’re establishing Bitcoin as a STRATEGIC RESERVE. The most important holder of Bitcoin on the earth simply introduced THEY AREN’T SELLING. BE MORE BULLISH.”

The dealer’s chart seems to indicate that BTC will hit over $100,000 someday in the midst of March and over $130,000 in Could.

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Supply: Kaleo/X

Earlier this week, Trump confirmed the US will create a crypto strategist reserve that can embody BTC, Ethereum (ETH), Solana (SOL), and Cardano (ADA), inflicting the market to spike.

The flagship digital asset is buying and selling for $86,891 at time of writing, a 2.7% lower over the past 24 hours.

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Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in affiliate internet marketing.

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