Bitcoin Retraces: Can the Crypto Summit Mark a Directional Shift?

Bitcoin has experienced significant fluctuations in the past few days. It surged above $90000 on Wednesday and then retraces ahead of summit. ------------------ Is there a chance for Bitcoin and related stocks to rebound this week? Does the upcoming cryptocurrency summit mean more positive news, or is it a "sell the news" scenario? Which coin or stock are you watching? Which stock offers more certain trading opportunities this week?

avatarWendyOneP
03-12 03:00
Wake up at 3am as Bitcoin 75K but you remember that you bought at 15K in 2022
avatarJimmyHua
03-12 02:56
Bitcoins value proposition is way different from those of the "traditional" investments. With stocks/index funds you have the expected revenue of the underlying companies. With real estate you have rental income. With bonds you also have an underlying company or government that will pay you a fixed interest rate.The only thing that gives Bitcoin value is how much other people are willing to pay for it. From a traditional perspective that sonds terrible. But if you look at why people might want to hold Bitcoin it becomes interesting.A permissionless, uncensorable monetary network can be very usefull to a lot of people. Especially with rising geopolitical tensions and a tendency towards more extremist governments. There are a lot of horror stories of people from thirld world (and even some f
avatarJimmyHua
03-11 07:50
Me buying another bitcoin dip
I don’t care about the current price action I’ll never forget the first time #Bitcoin hit 100K
avatarBarcode
03-10
$Strategy(MSTR)$ $CME Bitcoin - main 2503(BTCmain)$🚨🔥 MSTR’s Plummet: Decoding the $200 Abyss in a $130 Billion Crypto Cataclysm 🔥🚨 As the crypto cosmos reverberates with a thunderous loss of over $130 billion. in market capitalisation today, 10Mar25, NZ 🇳🇿 time, MicroStrategy (MSTR) finds itself at the epicentre of a financial tempest. Encased in a falling wedge, a technical crucible signalling both peril and possibility, it grazed $320 this week, only to be rebuffed by a market recoiling from risk. Now overnight trading pulls it to $268, a precipice hinting at a 5️⃣, wave Elliott descent towards $200. Yet, this is no mere chartist’s tale. MSTR’s fate intertwines with its audacious 250,000+ Bitcoin
There are lots of positive comments compared to last time investors looking towards crypto nowadays, which I think bitcoin will spike in the future as cryptocurrency are more transactional for more countries.
I'm not vested. A lot of people keep saying the price is going to go up, but after the Crypto Summit, it dropped instead. I've always said that by the time news breaks, it's usually already priced in. I still believe there’s a lot of room for the price to rise in the long run. But at the 86k level, I’m not going all in. I’ll probably stick to dollar-cost averaging (DCA) to slowly build my position, just in case and keep the rest of my money for Baba.
avatarShyon
03-08
Bitcoin’s rebound past $90,000, coupled with Trump’s proposal for a strategic cryptocurrency reserve, adds an interesting dynamic to the market. While details on implementation remain unclear, the potential for Bitcoin to be recognized as part of a national reserve could further legitimize its role as a long-term asset. From a technical standpoint, Bitcoin is consolidating around key resistance levels, but the overall trend has improved significantly. If momentum continues, a move toward the $108,000–$109,000 range isn’t out of the question. However, for short term, I’m watching how the market reacts—whether this rally sustains or turns into a “sell the fact” scenario after the summit. While Bitcoin’s long-term outlook remains strong, cautious positioning is key given recent volatility. I’
avatarRagz
03-07
Looking at the historical chart, the value of BTC has been in an overall  rising trend despite the volatility. So it seems to be a good investment opportunity. 
The summit may bring regulatory clarity, defining whether crypto assets are securities or commodities, easing compliance challenges. Stablecoins like USDT and USDC could be a key focus, potentially strengthening their role in global finance. The SEC might withdraw lawsuits against crypto firms, fostering innovation. Trump’s proposed **Crypto Strategic Reserve** could legitimize BTC, ETH, XRP, SOL, and ADA, attracting institutional capital. However, uncertainty over execution could trigger volatility. Positive policy signals may boost crypto prices by 10-20%, while unclear or restrictive measures could worsen market sentiment. BTC and major Layer 1 tokens may see gains, while stablecoins benefit from clearer regulations.
I not too sure but if dip I will definitely buy
avatarMHh
03-07
The crypto summit is good news in general for crypto. However, I expect the the price to surge only if the government buys more coins to fuel demand. Investors’ confidence will boost especially if the government offers regulation like any other currency. In view of the news, there should be sufficient momentum for bitcoin to revisit $100k but I think that higher prices can only be achieved if the government starts buying to add to the reserves. $Strategy(MSTR)$ might be a good trade swing to ride on this momentum. However, I would consider further potential before investing in the longer term as it is too volatile and very dependent on news. @Universe宇宙
avatarMrzorro
03-07
The White House Crypto Summit Kicks Off: What to Expect On March 7, 2025, the White House will host the first-ever U.S. cryptocurrency summit, marking a significant milestone in the cryptocurrency industry. The summit, hosted by David Sacks, the head of AI and cryptocurrency under President Trump, will bring together key industry figures, including Ripple CEO Brad Garlinghouse, Chainlink co-founder Sergey Nazarov, Exodus CEO JP Richardson, and others. The primary focus will be to discuss the future of digital assets and how they will be integrated into the U.S. financial system. "This move shows that the U.S. government is now more actively involved in the crypto economy," said Federico Brokate, Head of U.S. Operations at 21Shares. "It could help more institutions adopt crypto, offer clear
as it has moved up fm below 80k to 90k ahead of summit, likely factor in positive news. from past history how mkt react, I think most likely btc will correct downward.
avatarAN88
03-06
will increase again
avatarECLC
03-06
Possible the summit brings more good vibes with government backing on the strategic reserve.
avatarLoyster
03-06
see u at 70k
It will goes up and then down ! Buy the rumor sell the news . Old wall st trick
avatarYueShan
03-06
Good ⭐⭐⭐
Michael Saylor could be appointed as treasury secretary to manage the strategic crypto reserve.
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