From Cointelegraph

March 7, 2025 12:21 PM:

Bitcoin rebounded from intraday lows and is attempting to break above $90,000 resistance after the US Strategic Bitcoin Reserve executive order by President Trump fell short of expectations. Analysts see the reserve formation as bullish, expecting other nations to follow suit. Bitcoin is anticipated to hit a new all-time high above $109,000 by June.

Bitfinex analysts predict Bitcoin to remain range-bound with no new US purchases. Trump’s Bitcoin reserve is seen as a softer approach, likely to face less resistance and could be a good starting point for Bitcoin as a reserve asset. The near-term outlook is uncertain, but the long-term bullish sentiment remains intact.

Bitcoin price analysis shows a rebound off $85,000, signaling potential for a higher low. Bulls aim to break above the 20-day EMA at $90,977, with resistance up to $100,000. A drop below $85,000 could lead to further downside towards $78,258 and $73,777.

Ether price analysis reveals a bounce off $2,111 support, with bulls defending the level. Resistance at the 20-day EMA of $2,423 is key for a bullish reversal. Break above the EMA could push Ether towards the downtrend line. A drop below $2,111 might trigger a downtrend towards $1,750.

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