{"id":12351,"date":"2025-03-03T09:53:11","date_gmt":"2025-03-03T09:53:11","guid":{"rendered":"https:\/\/alchemymarkets.wpengine.com\/?post_type=market_insights&p=9119"},"modified":"2025-05-16T09:53:31","modified_gmt":"2025-05-16T09:53:31","slug":"crypto-reserve-march-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/opening-bell\/crypto-reserve-march-2025\/","title":{"rendered":"Major BOUNCE on Crypto: Trump Announces US Crypto Reserve Over the Weekends"},"content":{"rendered":"\n

Trump announced a US Crypto reserve on Sunday, March 2nd, spiking the price of crypto across the board. The strategic reserve is revealed, and considers <\/em><\/strong>holding Bitcoin, Ethereum, XRP, Solana and Cardano, with the purpose of making the U.S. the \u201cCrypto Capital of the World\u201d.<\/p>\n\n\n\n

Immediately after this announcement, all mentioned cryptos experienced a price surge. Bitcoin Futures Open Interest <\/strong>shot up significantly, which suggests this market move has institutional volume; making it different from most weekend moves.<\/p>\n\n\n\n

Asset<\/th>Price Change (March 2nd)<\/th>Open Interest Change (24H)<\/th><\/tr><\/thead>
Bitcoin<\/td>+9.53%<\/td>+7.00%<\/td><\/tr>
Ethereum<\/td>+13.56%<\/td>+5.63%<\/td><\/tr>
XRP<\/td>+34.13%<\/td>+38.15%<\/td><\/tr>
Solana<\/td>+24.40%<\/td>+15.04%<\/td><\/tr>
Cardano<\/td>+72.15%<\/td>+110.61%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Bitcoin Bounces from Fair Value Gap, 50% Fib, and Anchored vWAP<\/strong><\/h2>\n\n\n\n

As per our last analysis<\/a>, the Bitcoin price did find a home at the Fair Value Gap between $81,395\u2013$85,160, and bounced almost exactly at the 50% Fibonacci level of $79,294.<\/p>\n\n\n\n

Adding to the confluence, but initially missed, is an anchored vWAP<\/a> calculated from the pivot low of the rally. As you can see, it aligns perfectly with the fair value gap, and is only a little above the 50% Fib Level\u2014creating a cluster of supports.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Is the Bitcoin low in?<\/strong><\/p>\n\n\n\n

Given such a strong bounce at this cluster of support levels, along with strong fundamentals, the low could be in.<\/p>\n\n\n\n

However, it would be foolish to ignorant bearish signs,\u00a0 such as a weekly bearish RSI divergence<\/a>. If we do go lower, we have bearish targets of the Symmetrical Triangle<\/a> at approximately $74,000. The aligns closely with previous all-time high price are, at around 71,450\u2013$73,921. Currently, Bitcoin is getting rejected at the lower trendline, which lies around $94,750.<\/p>\n\n\n\n

If we can reclaim several resistances above, and hold them as support, then it is likely the Bitcoin bottom is in.<\/p>\n\n\n\n

Is this weekend price action significant?<\/strong><\/p>\n\n\n\n

While most weekend moves tend to be fake-outs, this movement came with significant volume and an open interest increase of 7.00%. Combined with the bullish fundamentals, I\u2019d personally consider this weekend move to be significant.<\/em><\/strong><\/p>\n\n\n\n

Bitcoin Monthly Close vs Weekly Close<\/strong><\/h3>\n\n\n\n

We have an interesting circumstance on Bitcoin right now: <\/strong>the monthly candle closed below the yearly open of $93,530, yet our weekly candle closed above.<\/p>\n\n\n\n