Amid reports that the Chinese government is in discussions to establish a strategic Bitcoin reserve, the price of Bitcoin may rise above $200,000.
Despite President Donald Trump’s declaration that the US government will not sell any of the approximately 200,000 Bitcoin that it presently owns, the price of the cryptocurrency is declining. Nonetheless, market interest has been piqued by rumors that China would follow the US and establish its own Bitcoin reserve. Would the price of Bitcoin skyrocket to $200,000 if China declared a strategic reserve?
The Bitcoin price is at $86,221 after declining by 2.5% during the past day.
Will China launch a Bitcoin strategic reserve?
Should China establish a Bitcoin strategic reserve, the cryptocurrency’s price is expected to soar. Numerous nations, including China and the Middle East, are anticipated to embrace a Bitcoin purchasing technique, according to CNBC. Additionally, it stated that if the US begins to amass Bitcoin, the Chinese government has been discussing beginning to purchase the cryptocurrency.
Before enacting a ban in 2021, China was the biggest Bitcoin miner in the world. According to CNBC, if the nation resumes mining Bitcoin for the reserve, it would be rather simple to establish one. Amid the ongoing trade battle between the US and China, the nation may potentially use Bitcoin as a means of avoiding penalties.
After the US, China has the second-largest Bitcoin holdings, with 195,000 BTC recovered from the PlusToken cryptocurrency fraud.
Trump’s decision to create a US Bitcoin reserve was previously described by MicroStrategy Executive Chairman Michael Saylor as “a turning point in the financial and geopolitical landscape of the 21st century.”
The price of Bitcoin may reach an all-time high and even $200K if more nation-states begin purchasing and keeping it.
Analyst maps Bitcoin path to $200K
Due to weak demand in the larger cryptocurrency market, Bitcoin is now under negative pressure. However, if past trends continue, expert MerlijinTrader predicts that Bitcoin may reach $200K this year.
The expert predicted that the price of Bitcoin would follow the same pattern as in 2017 and 2022. Despite the latest decline, Bitcoin was still early in this cycle. If the positive trend continues, the price of Bitcoin may soar above $200,000.
Key levels to watch in Bitcoin price
Bitcoin’s 4-hour chart indicates that negative patterns are still common despite this positive outlook. Because the RSI is ranging below 50, sellers are in charge. On the other hand, a rising triangle pattern indicates that bulls may take back control.
Demand must spike if Bitcoin is to start rising again and regain levels above $90,000. The volume profile bars indicate that a large number of traders are unwilling to purchase Bitcoin at the current price, which might impede price movement.
To help the price of Bitcoin rise beyond the psychological $90,000 mark, a positive trigger is required. Although the short-term mood is still poor, plans for a Bitcoin reserve by the US, China, and other nations might support this bull run.
Crypto whale scoops $15M HYPE amid crypto market dip: Is HYPE price rally next?
The Hyperliquid token drop is being bought by cryptocurrency whales, but the HYPE price decline is still ongoing. See whether it will rebound in response to increased demand.
Turbulence and trend reversals are common in the cryptocurrency market. Right now, a lot of cryptocurrencies are quite volatile, and Hyperliquid Token (HYPE) is one of them. Whales are still buying the dip in this upheaval; one cryptocurrency whale is purchasing $15 million worth of HYPE tokens, indicating optimistic confidence. The price is still dropping, though. Why? Let’s talk about the causes of this and whether or not a HYPE price surge is imminent.
Whale buys $15M HYPE while HYPE price keeps falling
Lookonchain, an on-chain analytics tool, said a few hours ago that a single whale had placed a $15 million buy order for the HYPE. The whale has already spent $8.93 million, or 563,238 HYPE, and has put many limit orders between $12 and $14.63 to use the remaining funds to purchase more.
A whale is spending 15.7M $USDC to buy $HYPE.
In the past 2 days, he has bought 563,238 $HYPE(8.93M) and placed multiple limit orders between $12 and $14.63 to buy more with the remaining 6.49M $USDC.https://t.co/cwyrQ8rQhb pic.twitter.com/1YPMqssrjY
— Lookonchain (@lookonchain) March 7, 2025
Given the HYPE price problems and a 40% drop over the month, this is an intriguing prospect. A brave purchase like this shows that the larger institutional purchasers are seeing the possibility for an increase, which is a positive sign. But the fact that the cryptocurrency whale is placing orders at a lower price indicates that it may be about to drop.
Following a 3% decline over the past day, the hype price is now at $15.48, confirming the whale’s warning of a plunge. The issue now is whether positive momentum will build or if this drop will continue.
Why is Hyperliquids’ token price still dropping?
Hyperliquid token is also having trouble, which is related to the general volatility of the cryptocurrency market. Investors remain worried despite Donald Trump’s announcement of the Bitcoin Reserve and his Crypto Summit.
Consequently, the token’s 24-hour volume has decreased by 39.06% to $333.61M. This suggests that fewer people are participating in the market. Its Open Interest has also decreased by 2% since yesterday, indicating that traders are being cautious.
Investors should verify bullish reasons before committing to long positions in light of the crypto market downturn. It’s interesting to note that traders are placing bets on the hyperliquid price increase based on the long/short ratio on several cryptocurrency exchanges, such as OKX.
Is a HYPE price rally still possible?
The decline may continue, given the present gloomy trend. But they also portend a possible recovery in which the participation of whales may encourage purchase. Furthermore, shorts would become overloaded if the price kept falling, which would cause a trend reversal with liquidations.
Additionally, cryptocurrency analysts show that Hyperliquid is getting close to its bottom, with $15.47 serving as critical support. A recovery from there may soon start an upward trend, reaching $2o or more.
More significantly, experts predict that the HYPE price surge will eventually hit the $200–$300 range.
$HYPE – Looks unreal and is close to a bottom. Can see this going to $200-$300 at the end of the cycle, but tbh, probs way higher. Back above $21, and it’s full-blown send imo.
Should investors buy now?
Following the “buy the dip” technique, which allows traders to capture profits on recovery, the hyperliquid whales are jumping on the purchasing. In addition to being a positive indication, a few additional indicators point to a possible rebound, particularly given the strong demand for the token following the debut of the Hyperliquid EVM.
There is a chance, though, that the downward trend will last a little while longer. Before making a deal, investors should consider the state of the market as a whole and the recovery of the price of Bitcoin.
Chainlink (LINK) indicators suggest mixed signals after an 11% weekly gain
Technical indications for Chainlink (LINK) have been conflicting lately; some have been bearish, while others point to a possible upside. Chainlink was on track to overtake Pi Network in market capitalization given its 11% price increase over the previous seven days, but this might be postponed for the time being.
Since LINK has hardly moved in the past day, its market capitalization is at $10.3 billion, while Pi Network’s is around $12.7 billion. As several technical indicators approach significant turning points that might decide whether LINK maintains its advance or experiences a reversal, the following days will be pivotal.
Chainlink DMI shows that sellers took control.
Chainlink’s DMI chart shows that its ADX (Average Directional Index) is at 20.46, down from 26 yesterday. Regardless of the direction of the trend, this fall suggests waning trend strength.
The Directional Movement Index (DMI) includes the ADX, which measures trend strength on a scale of 0-100 without specifying direction. In general, readings over 25 point to a strong trend, those between 20 and 25 to a nascent trend, and those under 20 to a weak or nonexistent trend.
The preceding strong trend is waning and turning into a more neutral or range market, as shown by Chainlink’s ADX moving from above 25 to slightly around 20.
While the Negative Directional Indicator (-DI) has risen from 14.2 to 21, the Positive Directional Indicator (+DI) has dropped dramatically from 33.3 to 20.1. With DI currently above +DI, this crossover points to a possible change in momentum from bullish to negative.
This technical picture, together with the declining ADX, suggests that LINK’s price is likely to create a bearish reversal or continuation pattern. While traders should keep an eye out for stability or reversal indications as the trend wanes, they may expect further bearish pressure shortly.
Instead of seeing substantial directional movement, LINK may go through a period of consolidation if ADX keeps falling below 20.
LINK BBTrend is now positive after staying negative for several days
After staying negative since March 4, LINK’s BBTrend has suddenly turned positive, hitting 3.69. On February 28, a notably poor reading of -20 was noted.
A momentum oscillator, the BBTrend (Bollinger Bands Trend) indicator gauges the strength and direction of a trend by comparing price and Bollinger Bands. About the Bollinger Bands, which are standard deviations from a moving average, it computes the price’s movement.
A positive BBTrend indicates bullish momentum as prices are rising above the middle band and maybe toward the upper band.
On the other hand, negative scores indicate bearish pressure as prices move toward the bottom band below the middle band. Following a period of negative pressure, LINK’s recent change to a positive 3.69 BBTrend value may indicate the beginning of bullish momentum.
Following a protracted bearish phase that concluded near -20, this reversal may signal a significant shift in market mood.
The comparatively moderate positive value of 3.69 indicates that the bullish momentum is still building rather than firmly entrenched, therefore, traders should confirm this signal with additional indicators.
Will Chainlink go back to $20 in March?
The lines of the LINK EMA (Exponential Moving Average) are now drifting down and may soon form a deadly cross.
We may witness more downward movement if this bearish pattern comes to pass and the price of Chainlink drops below the crucial support level of $15.79.
In this case, LINK may refuse to test technical and psychological support levels around $14 and maybe even $13.45, which would be a substantial decline from the current price.
On the other hand, the recent upturn in the BBTrend raises the possibility of further purchasing pressure. The immediate barrier at $17.64 may be challenged by LINK if this bullish trend keeps getting stronger.
Testing higher resistance zones at $19.79 and then $22.31 would be possible with a clear break above this level. Chainlink may hit $26.4, its first time trading above $25 in more than a month, in a highly positive scenario where upward momentum picks up speed.
With convincing breaches of either the resistance at $17.64 or the support at $15.79, this technical setup marks an inflection moment for LINK and will probably dictate the next big price movement.
