Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve.
Bitcoin weekly chart. Source: Cointelegraph/TradingView
Despite February’s monthly candle closing at $84,299, BTC ($82,727.63)’s (BTC) weekly close formed a doji candle, closing at $94,222. With prices retesting the $95,000 overhead resistance, one analyst remained cautious about a repeat of 2019’s “Xi pump.”
Will Trump-pump follow the Xi-pump path?
In 2019, during a prolonged bearish trading period that stretched from June to October, Bitcoin’s market sentiment was low. However, on Oct. 25, 2019, China’s President XI Jinping’s creator solana token
