CandleFocus Will Bitcoin price hit $100k as investors eye Trump’s crypto summit?
2025-03-06
Author: Content Editor
Bitcoin's price was volatile as investors responded to a risk-off sentiment caused by the ongoing trade war. However, BTC has two potential catalysts that could push its price to $100,000. First, Donald Trump will host a crypto summit featuring industry leaders, with the launch of the Strategic Bitcoin Reserve being a notable outcome. Second, the U.S. nonfarm payrolls data could provide insight into the American economy and impact Bitcoin's price. Analysts expect a weak report, which would be bullish for Bitcoin as it increases the likelihood of rate cuts. Bitcoin's price is showing signs of bottoming out and remains above the 50-day moving average, suggesting further upward movement.
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