- Bitcoin’s rally comes ahead of Trump’s August 22 appearance, a key macro event for markets.
- BTC’s INR value depends on both BTC/USD price and USD/INR exchange rate.
- Michaël van de Poppe warns that rising volatility could lead to sharp short-term corrections
Bitcoin (BTC) experienced a sharp pullback from $79,500, with analyst Michaël van de Poppe targeting entries below $74,200 for scalps and $71,100 for longer setups amid high volatility.
However, President Donald J. Trump’s scheduled speech today adds another layer of market-moving uncertainty, often tying violent BTC rallies to USD weakness and shifts in the rupee, ultimately shaping profits measured in INR.
