U.S. President Donald Trump Is Set to Address a Major Cryptocurrency Summit

This has increased curiosity regarding his attitude toward Bitcoin and blockchain laws. According to sources, he will discuss Bitcoin Reserve Strategy

U.S. President Donald Trump is set to address a major cryptocurrency summit, increasing curiosity regarding his attitude toward Bitcoin and blockchain laws. According to sources close to the administration, Trump might discuss Bitcoin Reserve Strategy. This move could reshape the crypto market as it signals the U.S.’s institutional interest in BTC.

In a surprising turn of events, former President Donald Trump is set to speak at a cryptocurrency summit, potentially touching upon topics like Bitcoin and a Bitcoin Reserve Strategy. This engagement comes amidst heightened interest in digital assets and a crucial time for crypto regulation.

Earlier this year, Trump's administration took a cautious approach toward cryptocurrency, focusing mainly on the risks of money laundering and illicit activity. However, recent developments suggest a more favorable outlook, especially with Trump's growing interest in digital assets.

According to DeepChain's analysis, Trump's administration took a cautious approach toward cryptocurrency in its early years, focusing mainly on the risks of money laundering and illicit activity.

"The administration officials, in their testimony to Congress, expressed concern over the potential for cryptocurrency to be used for illegal activity, such as drug trafficking and identity theft. They also raised questions about the lack of regulation in the industry and the stability of cryptocurrencies."

This skepticism stemmed from the administration's deep involvement in the War on Drugs and its zero-tolerance immigration policy, both of which highlight the administration's strong interest in policing the movement of people and goods across national borders.

However, recent actions indicate a shift in Trump's thinking, especially with his engagement with pro-crypto figures like Roger and Benajmin, and his signaling support for industry-friendly policies.

What's more, Trump's administration is now considering adding Bitcoin to the U.S. national reserves, a move that could have a huge impact on the crypto market.

If the U.S. does decide to start holding Bitcoin in its reserves, it would show the world that the U.S. is serious about Bitcoin, which in turn could lead to even more companies and countries accepting Bitcoin. This would be a big step for crypto, putting Bitcoin on the world stage in a way that no other cryptocurrency has ever been put before.

At the same time, Trump's administration is still worried about regulating cryptocurrencies to prevent illegal activity. This is a key issue that the administration is focusing on as it considers how to introduce a Bitcoin Reserve Strategy.

The administration is also thinking about how a change in the U.S.'s macroeconomic policy could affect the global economy if the U.S. starts including Bitcoin in its national reserves.

As the crypto community awaits President Trump's remarks at the upcoming crypto summit, market observers are preparing for potential price swings in the wake of the administration's actions and the administration officials' testimony in Congress.

The trading day of March 19 began with a minor upward movement, leading to overbought conditions at 00:30 UTC and 00:50 UTC. However, a death cross at 1:05 UTC triggered a downward trend. This decline continued until an oversold condition at 5:50 UTC signaled a potential reversal.

A golden cross at 8:05 UTC fueled an upward channel, pushing the price past the $83,280.33 resistance level. As the rally continued, the RSI showed overbought conditions at 13:50 UTC, reinforcing bullish momentum. A temporary pullback at 16:25 UTC was short-lived, as another golden cross at 18:10 UTC sustained the upward channel.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 20, 2025

As illustrated in Chart 1, RSI again showed overbought signals by 18:55 UTC and 19:05 UTC. Consistent overbought conditions at 22:40 UTC and 23:40 UTC carried the bullish momentum into March 20. The price peaked at $87,453.89 at midnight, where it met resistance. Following this, a death cross at 00:20 UTC signaled a downward move, leading to price fluctuations. However, a golden cross at 2:35 UTC suggested another potential rally.

According to Bitcoin Price Prediction, if bullish momentum persists, BTC could break $87,453.89. Conversely, a continued downtrend may test the new support at $83,280.33.

The fib level is at 0.0, while the RSI indicator is at 80.0.

If bullish momentum continues, BTC may be able to break through the resistance level and move even higher. However, if the bears take over and the price falls below the support level, it could signal a larger bearish trend.

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