‘All Options On The Table’: Bitcoin Must Hold This Level Ahead Of Trump’s Crypto Summit
Bitcoin (BTC) is attempting to reclaim the $90,000 mark amid warnings of potential market volatility due to the upcoming White House crypto summit on March 7. The price has surged approximately 9% from a low of $81,500, but analysts caution that the outcome of the summit could lead to significant price fluctuations. Key figures attending the summit include Michael Saylor, Brian Armstrong, and Vladimir Tenev. Analyst Altcoin Sherpa emphasizes the importance of holding the $89,000 support level, suggesting that volatility may cause price movements in both directions. Trader Daan Crypto Trades notes that Bitcoin is struggling to maintain its range but sees the summit as a positive sign for the future. Analyst Crypto Jelle warns that an underwhelming event could lead to a sell-off, while also identifying a potential pattern that could target $140,000 if certain price levels are reclaimed. Currently, Bitcoin trades at $88,372, reflecting a 1.3% daily decline.
