Bitcoin hits $106K, an all-time high fueled by Donald Trump’s intention to do “great with crypto”
Bitcoin Reaches All-Time High: Bitcoin hit an all-time high of $106,488.25 following President-elect Donald Trump's announcement of a U.S. Bitcoin strategic reserve, which has generated significant institutional interest and investor excitement.
Global Momentum for Bitcoin Reserves: The push for Bitcoin reserves is gaining traction globally, with Republican Senator Cynthia Lummis proposing the U.S. purchase of 1 million BTC to address national debt, while Russia considers a similar strategy in response to sanctions.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.783 | 2.401 | 3.059 | 3.677 | 4.335 | 4.953 | 5.611 |
| Fibonacci | 2.401 | 2.889 | 3.19 | 3.677 | 4.165 | 4.466 | 4.953 |
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