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Market Analysis
The Bitcoin market has seen significant volatility in recent days, due to the interaction of various technical and fundamental factors. In this Bitcoin latest analysis, we will provide a detailed overview of trends and market sentiment across different time frames to provide better guidance for investors.
Long-Term Regime (365/90)
In the long-term trend, Bitcoin price has been in a bearish trend over the past year, with a major decline from 126,199.63 to 60,000. However, the price has entered a range or transition phase in the mid-90-day period, where the price has been limited from a high of 79,485.66 to a low of 60,000. The RSI averaged around 50.54 over the year, indicating an uncertain or balanced trend, while in the mid-term it is around 49.78, indicating a range-bound market. The moving averages (especially the 100 and 200 HMA) are trending positively and the price is above them, indicating a possible recovery in the long term, but overall the market is still in a complex and volatile phase.
Short-term (7-day + RSI/Bollinger)
Bitcoin’s price has been volatile in the short term over the past week, with RSI7 ranging from 45 to 65, indicating a balanced to moderately strong trend. A price near the mid and upper bands on the Bollinger bands for most of the time is a sign of a positive trend, and a widening of the bands indicates increased volatility in the market. In particular, on May 2, the RSI7 value was 65.4 and the price closed at 78,686.85, confirming a short-term buying trend. However, the MACD histogram’s negative value and the MFI being at the mid-level indicate a cautious market behavior.
Key Support/Resistance Ranges
The closest range for the price is from 77,140.23 to 78,595.86, which is close to the recent price and if it breaks, the next support will be between 73,514 and 74,131.55. Then there is support from 68,500 to 69,930. Talking about resistance, the closest range is from 78,738.61 to 79,485.66, which is close to the recent high and if it is broken, the next resistance will be from 83,680.12 to 84,850.33. Then there are ranges from 87,232.01 to 88,175.98 and then 90,375.20 to 93,673.14. These ranges are key to market direction and potential breakouts or reversals.
Overall, the Bitcoin market is in a complex but promising phase, with long- and mid-term trends in a positive direction, while there are some cautionary signs in the short term. The price is near the upper band of the Bollinger Bands, which could signal a possible reversal, but institutional investment and regulatory developments have provided support to the market. Factors such as security concerns and the Ethereum sell-off indicate the need for a cautious attitude. Therefore, investors should prioritize the long-term trend and adopt appropriate risk management in the short term, taking into account the volatility of the Bitcoin price. Its Just News
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Trump’s Proposal for a U.S. Bitcoin Stockpile: What You Need to Know

Bitcoin prices have surged in 2024, partly due to President-elect Donald Trump's proposals for a crypto-friendly administration. Among his plans is the idea of building a U.S. bitcoin stockpile, which he believes could become a "permanent national asset" to benefit all Americans and establish the country as a leader in the cryptocurrency space.
During a July conference, Trump stated that holding onto the country's bitcoin reserves would help make the U.S. a dominant force in global cryptocurrency. Some advocates are urging the new administration to take this further by creating a bitcoin strategic reserve to help the U.S. reduce its national debt.

How a Bitcoin Stockpile Would Work

The U.S. government already owns nearly $20 billion worth of bitcoin, mainly obtained through legal seizures, according to crypto tracking firm Arkham Intelligence. While federal officials occasionally sell some of these holdings, Trump has suggested halting future sales to establish a "core" stockpile of bitcoin.
During a July speech, Trump emphasized the importance of never selling bitcoin: “For too long, our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin.”
Bitcoin's value has risen by more than 100% this year. By keeping its bitcoin reserves intact, the U.S. could contribute to maintaining high prices, benefiting current investors.

"If you constrain supply in the overall, real-time market, then it does help to not suppress the price," said Seoyoung Kim, author of *DeFi For Dummies* and associate professor of finance at Santa Clara University.
Some are pushing for more than just maintaining the current crypto holdings. They advocate for a bitcoin reserve, similar to the U.S.'s gold and oil reserves, arguing that this could help reduce the $36 trillion national debt.
Republican Senator Cynthia Lummis from Wyoming introduced a bill proposing the U.S. acquire 1 million bitcoins, about 5% of all outstanding bitcoins, to hold for at least 20 years. The plan would fund the acquisition by revaluing $11 billion in gold certificates held by the Federal Reserve.
Lummis argued that a bitcoin reserve could not only help reduce national debt but also strengthen the U.S. dollar. “While there may be short-term volatility, over the long term a bitcoin reserve like this will serve as an important and stable store of value,” Lummis wrote in a *Wall Street Journal* op-ed.

Trump has also suggested that a bitcoin reserve would allow the U.S. to compete globally in cryptocurrency. "We don't want China or anybody else — and not just China, but others are embracing it — and we want to be the head,” Trump told CNBC in December.
Other countries with significant bitcoin holdings include China ($18.5 billion), the United Kingdom ($6 billion), Ukraine ($4.5 billion), Bhutan ($1 billion), and El Salvador ($582 million), according to BitcoinTreasuries.

Do We Need a Bitcoin Strategic Reserve?
Despite the enthusiasm for a bitcoin stockpile, some experts argue that the U.S. doesn't need such a reserve to remain competitive. Michele Neitz, a visiting professor at the University of San Francisco, said, “I would rather see regulatory clarity around all digital assets moving forward. To me, that benefits the U.S. economy even more than possibly holding a volatile asset in reserve.”

Risks of a Federal Bitcoin Reserve
Creating a stockpile of bitcoin may be simple for the president to enact, as the government would just stop selling its holdings. However, funding a strategic reserve would likely require Congressional approval, and analysts believe this is unlikely.
Owen Lau, a senior analyst at Oppenheimer & Co., explained, “I just have not heard enough support for creating something like that. Taking the idea further to actively buy and sell bitcoin would be quite risky and harder to justify to the public.”
Concerns about the risks of holding bitcoin include vulnerabilities to cyberattacks and the potential for a significant decline in bitcoin's price. Bitcoin has experienced large price swings in the past, such as a 70% drop between November 2021 and November 2022.
“If bitcoin goes up, you benefit from it. If bitcoin goes down, the taxpayer will lose value on that trade,” Lau said.

A Barclays analysis suggested that funding a bitcoin reserve would likely require issuing new Treasury debt, which could face strong opposition from the Federal Reserve. When asked about the proposal, Federal Reserve Chair Jerome Powell stated, “We’re not allowed to own bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change. That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed.”

Conclusion

While Trump’s bitcoin reserve plan has generated considerable interest, it remains unclear whether it will gain the necessary support in Congress. The proposal has sparked debate about the potential benefits and risks of the U.S. government holding a strategic bitcoin reserve, with some advocating for regulatory clarity over stockpiling the volatile asset. Ultimately, the future of this plan will depend on both political and economic factors.
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The Securities and Exchange Commission (SEC) is making significant changes to its cryptocurrency regulation approach, including staff reductions and new oversight requirements. The special cryptocurrency enforcement unit, which currently employs more than 50 lawyers and staff members, will be downsized with some attorneys transferring to other departments.
The changes come as part of a broader shift in cryptocurrency regulation under the current administration. SEC lawyers will now need to obtain permission from the presidential administration before launching formal investigations into market participants. This represents a departure from traditional SEC operations, where the agency typically operates under the oversight of its five-member commission.
Commissioner Hester Peirce, known in the crypto community as 'Crypto Mom', has been appointed to lead a new Crypto Task Force. On February 4, 2025, Peirce published an article outlining ten priority areas for the task force, including defining boundaries between different types of digital assets and creating clearer paths for crypto company registration.
The same day, David Sacks, serving as 'crypto czar', held a press conference with members of Congress to discuss regulatory priorities. Their first focus will be examining stablecoin legislation, while also exploring the possibility of establishing Bitcoin reserves for the United States at the president's request.
The reorganization follows one of President Trump's executive orders aimed at reducing regulatory pressure on the digital asset market. The current SEC commission consists of three members, all presidential appointees, who will oversee these changes in regulatory approach.
The new task force under Commissioner Peirce is designed to develop more transparent rules for cryptocurrency regulation. Key areas of focus include clarifying the status of staking and crypto lending, as well as defining the responsibilities between the SEC and other regulatory bodies.
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