How will Bitcoin price react to Trump’s latest crypto speech?
- Bitcoin price hit a new 10-day peak of $85,900 on Thursday, March 20, ahead of US President Trump’s speech at Blockwork’s crypto digital asset summit.
- While BTC price tumbled to $83,400 after Trump’s speech, derivatives trading data suggest major reversals are unlikely.
- Technical indicators show that trading volumes must increase significantly for BTC to advance above $90,000.
Bitcoin price hit a new 10-day peak of $85,900 on Thursday, March 20, ahead of US President Donald Trump’s speech at Blockwork’s crypto digital asset summit. While BTC price tumbled 4% from the day’s peak after Trump’s speech, derivatives trading signals suggest BTC is unlikely to witness rapid dips.
