Bitcoin Steady at $90K Amid Trump Remarks on Venezuela, Maduro, and Mexico
- Price Stability: Despite escalating U.S. attacks on Venezuela, Bitcoin's price has remained stable over the past 24 hours, currently trading at $90,000, indicating market resilience to geopolitical risks.
- Market Reaction: Following reports of explosions in Caracas, Bitcoin briefly dipped to $89,300 but quickly rebounded, demonstrating strong investor confidence in the cryptocurrency.
- Trump's Remarks Impact: In an interview, Trump stated that the U.S. will be “strongly involved” in Venezuela's oil industry, which may influence market perceptions of Bitcoin as a safe-haven asset amid rising geopolitical tensions.
- Mexico Situation: Trump highlighted that Mexico is controlled by drug cartels, claiming the U.S. has lost up to 300,000 people to drugs, a statement that could further affect market sentiment, particularly regarding economic and security issues related to the southern border.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 | 1.551 | 2.286 | 3.051 | 3.786 | 4.551 | 5.286 | 6.051 |
| Fibonacci | 2.286 | 2.859 | 3.213 | 3.786 | 4.359 | 4.713 | 5.286 |
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