Bitcoin briefly reached a high of $95,000 after President Donald Trump announced the creation of the Strategic Bitcoin Reserve, but it fell to $87,174.12 as investors learned that there were no new Bitcoin purchases, only the holding of already-seized coins. The Strategic Bitcoin Reserve would be funded with Bitcoin already owned by the US government from criminal and civil asset forfeitures. The sudden price drop reflects a "buy the rumor, sell the news" scenario, with investors quickly selling off their positions. Analysts suggest that Bitcoin could experience a 20% move, with a potential target of $117,500 if it breaks upward or $62,500 if there is a bearish breakdown.



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