Trader Says President Trump’s Crypto Reserve Plan Massively Bullish for Bitcoin, Unveils Six-Figure BTC Target
A widely followed crypto analyst is updating his outlook on Bitcoin ( BTC ) after President Donald Trump announced the creation of a Federal crypto strategist reserve earlier this week.
In a new strategy session, pseudonymous crypto trader Kaleo tells his 692,800 followers on the social media platform X that the unveiling of the strategic reserve is the most bullish announcement he’s heard in the history of the crypto king.
“Bitcoin has literally never had a more bullish announcement and some people are selling here.”
According to Kaleo, those panic selling the news are making a huge mistake, as he predicts the top crypto asset by market cap will once again hit a six-figure price tag in just a few days.
“You’d think Trump just signed a bill banning Bitcoin the way everyone is panic selling. The most powerful government in the world just announced they’re establishing Bitcoin as a STRATEGIC RESERVE. The largest holder of Bitcoin in the world just announced THEY AREN’T SELLING. BE MORE BULLISH.”
The trader’s chart appears to indicate that BTC will hit over $100,000 sometime in the middle of March and over $130,000 in May.
Source: Kaleo/X
Earlier this week, Trump confirmed the US will create a crypto strategist reserve that will include BTC, Ethereum ( ETH ), Solana ( SOL ), and Cardano ( ADA ), causing the market to spike.
The flagship digital asset is trading for $86,891 at time of writing, a 2.7% decrease during the last 24 hours.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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