Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Bitcoin Struggles Below $100K – Will It Soar or Slip to $90K?
  • News

Bitcoin Struggles Below $100K – Will It Soar or Slip to $90K?

Jane Kariuki 24 February 2025
Bitcoin Price chart in the background
  • Bitcoin remains below $100K as uncertainty over a US Strategic Bitcoin Reserve (SBR) and macroeconomic factors impact its price, with Montana rejecting an SBR proposal due to fiscal conservatism.
  • While resistance to a national SBR and strong economic data could push BTC toward $90K, easing trade tensions and a dovish Fed may drive it to new highs.

Bitcoin (BTC) continues to hover below the crucial $100K mark as uncertainty looms over the establishment of a Strategic Bitcoin Reserve (SBR) in the US. The digital asset market remains on edge, with key economic factors influencing price trends in the coming days.

Montana Blocks SBR Proposal, But the Debate Continues

On February 22, Montana’s House of Representatives rejected House Bill No. 429, which would have allowed the state to invest in digital assets and precious metals. The move was driven by fiscal conservatism, with opponents labeling such investments as speculative and a risky use of taxpayer funds.

Bitcoin Laws, a watchdog group tracking digital asset legislation, noted that the bill’s failure was largely due to conservative lawmakers’ resistance to using General Fund money for what they saw as an uncertain venture. However, despite the setback, 32 US states have introduced similar legislation, indicating growing interest in state-level SBRs.

If a national SBR gains traction, it could significantly tilt the supply-demand balance in BTC’s favor, potentially driving prices to new record highs.

BTC Price Outlook: What’s Next?

After briefly touching $96,185, BTC saw a slight 0.41% decline on February 23, reversing the previous day’s 0.31% gain. The market remains cautious, with several factors expected to shape BTC’s short-term price movement.

Bearish Factors

  • Rising US tariff threats
  • Strong economic data that could push the Federal Reserve toward a more hawkish stance
  • Continued government resistance to a national SBR

If these factors persist, BTC could see a retreat toward the $90K support level.

Bullish Factors

  • Easing trade tensions
  • Progress in SBR-related legislation
  • A dovish stance from the Federal Reserve regarding interest rate policy
BTCUSD – Dailly Chart

Should these elements align, Bitcoin may challenge its all-time high of $109,312 in the near future.

Technical Indicators Flash Caution

BTC’s daily indicators signal a bearish near-term trend, suggesting that traders should brace for potential volatility. The market will closely watch US economic data, Federal Reserve policy updates, and any further developments on state or national SBRs to determine BTC’s next big move.

For now, Bitcoin remains at a critical juncture, with its next direction hinging on how these macroeconomic and legislative factors unfold.

Continue Reading

Previous: The Ultimate Guide to Buying Monero Safely and Securely in 4 Easy Steps
Next: Investor Optimism Grows as Pi Coin Rebounds 80%—Is a Bigger Rally Ahead?

Related Stories

SOLANA IMAGE OF PRICE ANALYSIS
  • News

Solana Price Prediction 2025-2030: Can Institutional Catalysts Drive SOL to $500?

Simon Njenga 6 July 2025
XRP COIN AND A BEAR ON THE SIDE
  • News

XRP Price Prediction: Could Banking Charter & ETF Approval Ignite a 1,500 % Rally and Even $100?

Simon Njenga 6 July 2025
Iota coin as the main focus at the middle
  • News

IOTA Becomes the Only Crypto Named in Chinese Government’s 2025 Tech Report

Dennis Gatheca 4 July 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

SOLANA IMAGE OF PRICE ANALYSIS
  • News

Solana Price Prediction 2025-2030: Can Institutional Catalysts Drive SOL to $500?

Simon Njenga 6 July 2025
XRP COIN AND A BEAR ON THE SIDE
  • News

XRP Price Prediction: Could Banking Charter & ETF Approval Ignite a 1,500 % Rally and Even $100?

Simon Njenga 6 July 2025
Iota coin as the main focus at the middle
  • News

IOTA Becomes the Only Crypto Named in Chinese Government’s 2025 Tech Report

Dennis Gatheca 4 July 2025
ONDO on $100B Market Projection black
  • News

Ondo and Pantera Launch $250M Fund to Accelerate RWA Tokenization

Jane Kariuki 4 July 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok