Bitcoin (BTC) price failed to sustain above $100k as the United States-Mexico-Canada Agreement (USMCA) renewed hopes for resolution. The uncertainty in the macroeconomic landscape has had a bearish impact on major stock indexes, leading crypto experts to believe that taking profits is prudent. Technical analysis suggests that Bitcoin price is forming a falling trend, with a potential dip below $96k and a midterm target of $91k. However, if Bitcoin price breaks out of the falling trend, the bearish sentiment may be invalidated. In the midst of this uncertainty, individual states in the US are moving forward with the creation of a strategic Bitcoin reserve, despite the federal government's slow progress. On the other hand, BlackRock's IBIT has been aggressively accumulating Bitcoins, with a net cash inflow of $249 million and a total of $57.7 billion in net assets.



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