Trump Declares US Will Become ‘Bitcoin Superpower’ as BTC Price Ends 4-Month Downtrend
Bitcoin (BTC) surged above $86,000, breaking a four-month downtrend, following bullish remarks from former President Donald Trump at the Blockworks Digital Asset Summit 2025.
Trump’s Bold Crypto Vision
In a virtual address, Trump pledged to position the United States as the leading global force in cryptocurrency, stating:
“Together we will make America the undisputed Bitcoin superpower and the crypto capital of the world.”
Trump reaffirmed his commitment not to sell confiscated Bitcoin holdings and promised to dismantle restrictive regulatory measures such as Operation Chokepoint 2.0. However, he did not announce any new Bitcoin purchases by the U.S. government.
Bitcoin Price Breaks Key Resistance Levels
Following Trump’s remarks and positive macroeconomic signals from the Federal Reserve, BTC/USD reclaimed critical technical levels, including:
- The 200-day simple moving average (SMA), a key indicator of bullish market sentiment.
- The 200-day exponential moving average (EMA), now being retested as support.
- A significant breakout in Bitcoin’s daily Relative Strength Index (RSI), ending a downtrend dating back to November 2024.
Analyst Rekt Capital highlighted the importance of these technical milestones, noting they signal improving investor sentiment toward Bitcoin.
Market Caution Amid Hawkish Fed Signals
Despite the bullish momentum, trading firm QCP Capital warned investors to remain cautious. The firm pointed out:
- The Federal Reserve’s recent cautious tone, downgrading economic growth forecasts and raising inflation expectations.
- An increasingly hawkish stance among Fed officials, with more policymakers forecasting no interest rate cuts in 2025.
- Market expectations for rate cuts remain delayed until at least June, according to CME Group’s FedWatch Tool.
QCP Capital questioned whether the current rally could sustain amid ongoing macroeconomic risks.
Quick Summary
- Trump vows to make the U.S. a global Bitcoin leader.
- BTC price surpasses $86,000, breaking key technical resistance.
- Analysts remain cautious due to Fed’s hawkish economic outlook.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
