Bitcoin (BTC) has recently been trading around $114,000, but President Trump's upcoming executive order could significantly impact market dynamics.
Bitcoin Price Analysis
Bitcoin's price is forming a tightening range between $112,000 and $115,000, occurring just below resistance at $116,000–$118,000.
Key indicators:
* **RSI** is recovering from oversold territory, suggesting upside potential. * **Volume** is gradually increasing, indicating accumulation during consolidation. * **MACD** is nearing a bullish crossover on the 4H chart.
The $112,000 support level has held firmly during the latest pullback, reinforcing its critical importance.
Trump's Executive Order: A Catalyst for Institutional Demand
The news of Trump's upcoming executive order allowing cryptocurrency in 401(k) plans is seen as one of the most bullish developments for crypto in 2025.
Why this matters:
* $7.5 trillion is currently held in U.S. 401(k) plans. * Just a **1%** allocation to Bitcoin could lead to massive institutional inflows. * It legitimizes crypto as a long-term asset, not just a speculative investment.
This executive order aligns with Trump's broader crypto-positive agenda, which includes cutting regulations and supporting innovation in the crypto space.
Bitcoin Price Outlook
If Trump signs the order in the coming days and market sentiment holds, Bitcoin could break out of its current range and target:
* **Short-term**: $120,500 * **Mid-term**: $125,000 * **Long-term (Q4 2025)**: $135,000–$150,000
However, traders should watch for fakeouts. If Bitcoin gets rejected at $118,000 again and fails to hold $112,000, it could drop to $108,500.
Bitcoin is at a critical point technically and fundamentally. The news of Bitcoin being included as a retirement asset in the U.S. could act as a catalyst for a new bullish movement.
