Bitcoin has been struggling around the $90,000 level, failing to reclaim it as support and confirm a recovery from the intense selling pressure it has faced in recent weeks. Despite multiple attempts to push higher, BTC remains under uncertain market conditions, with traders looking for clearer signals of direction.
The latest setback came after U.S. President Donald Trump’s executive order disappointed markets. On Thursday, Trump officially signed an order to establish a Strategic Bitcoin Reserve, according to a post on X by White House Crypto and AI czar David Sacks. While many expected the move to fuel bullish momentum, the market reacted with caution, as details of the reserve’s structure and impact remain unclear.
According to Glassnode data, addresses associated with U.S. authorities currently hold 187,236.68 BTC, forming a foundation for the reserve. This large Bitcoin holding has raised speculation about how the government intends to use or manage these assets in the long term.
With Bitcoin still unable to reclaim $90K, the next few days will be critical in determining whether BTC can recover or if selling pressure will push it to lower support levels. Traders remain cautious, watching for the next major move.
Bitcoin Drops After Good News
Bitcoin is facing selling pressure despite positive developments and ongoing market volatility. Since President Trump’s executive order to establish a Strategic Bitcoin Reserve, BTC has struggled to reclaim the $90,000 level, failing to turn it into support. This decline in crypto markets closely mirrors the downtrend in U.S. stock markets, as investors react to fears of a widening global trade war and broader macroeconomic concerns.
However, this turbulence may fade if these policy changes deliver tangible benefits for investors, such as tax cuts, regulatory clarity, or institutional incentives for holding and using Bitcoin. If market sentiment shifts in response to favorable legal frameworks, BTC could regain momentum and start a strong recovery rally.
Glassnode’s data on X reveals that addresses associated with U.S. authorities currently hold 187,236.68 BTC, valued at approximately $16 billion at current prices. This large Bitcoin holding has fueled speculation about how the government will handle its reserves and what impact this could have on market stability.
David Sacks, White House Crypto and AI czar, stated on X that the U.S. will not sell any Bitcoin deposited into the Reserve. Instead, the holdings will be kept as a store of value, with the Reserve serving as a digital Fort Knox for the cryptocurrency, often referred to as “digital gold.”
If investors view this policy as a sign of long-term Bitcoin adoption, it could restore confidence and lead to a renewed rally. For now, traders remain cautious, waiting for further developments and clearer signals from the market before taking new positions. The next few weeks will be crucial in determining whether Bitcoin can break through key resistance levels or if the selling pressure continues.
BTC Testing Crucial Liquidity Below $90K
Bitcoin is currently trading at $89,000, with selling pressure persisting as bulls struggle to reclaim key levels. The market remains highly uncertain, with BTC failing to confirm a clear direction—neither dropping into lower demand zones nor breaking into higher supply levels.
For bulls to regain momentum, BTC must push above $90,000 with strength and quickly reclaim the $100,000 mark. A decisive breakout would shift sentiment bullish and signal a potential move toward new highs. However, without a strong reclaim, uncertainty and volatility will continue to dominate price action.
If bulls fail to hold $90K and lose support at $85K, Bitcoin will be at risk of further declines. In this case, a drop below $78,000 is expected, triggering more selling pressure and possibly extending BTC’s downtrend.
With the market on edge, traders are closely watching how BTC reacts to these critical levels. Whether Bitcoin breaks out or breaks down will determine its next major move in the coming days and weeks. Until then, uncertainty remains the key driver, keeping both bulls and bears cautious about their next market moves.
Featured image from Dall-E, chart from TradingView
