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Volatile Market Sentiment: Could Bitcoin Reclaim $90K in the Coming Days?

Volatile Market Sentiment: Could Bitcoin Reclaim $90K in the Coming Days?

CryptoNewsCryptoNews2025/03/24 03:22
By:Arslan Butt
Last updated: March 22, 2025 06:51 EDT
 
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Bitcoin is trading near $84,230, up 0.23% on Saturday, as traders weigh policy developments and technical signals that could set the tone for the next move. With momentum building, market watchers are asking: is $90,000 within reach?

U.S. Considers Bitcoin Reserve Using Gold Profits

In a notable policy shift, the Trump administration is evaluating a proposal to fund Bitcoin purchases using unrealized gains from gold certificates. The plan would not rely on taxpayer dollars.

Instead, it would revalue gold certificates—currently marked at $42.22 per ounce—to reflect the current market price of around $3,000. This adjustment could unlock billions in funds for a potential “Strategic Bitcoin Reserve.”

🇺🇸 The U.S. is suggesting it may sell its gold reserves to buy more Bitcoin🚀

"If we actually realize the gains on gold, that would be a budget-neutral way to acquire more Bitcoin."
– Bo Hines in referencing the Bitcoin Act of 2025 pic.twitter.com/QSm4d0471r

— Coin Bureau (@coinbureau) March 21, 2025
 

Bo Hines of the White House Crypto Council cited the BITCOIN Act of 2025, introduced by Senator Cynthia Lummis, as a framework for this initiative. If implemented, it would mark the first time the U.S. government formally allocates a portion of its balance sheet to Bitcoin.

Institutional confidence in BTC could rise sharply in response, potentially lifting prices in the coming weeks.

SEC’s Crypto Roundtable Signals Softer Stance; Bitcoin May Benefit

The SEC’s first-ever crypto regulation roundtable brought optimism to markets. The session focused on balancing innovation with investor protection and included a key clarification: cryptocurrency mining does not constitute a securities offering.

 

This could ease some long-standing concerns among U.S. miners and institutional investors.

The SEC’s first Crypto Task Force roundtable marks a shift toward collaborative rulemaking, addressing digital asset classification and future regulations. Find out how this impacts cryptocurrency investors and exchanges. https://t.co/Xpn8bZYODs pic.twitter.com/gWps3tpBFG

— DNIR Flash News 🔥🔥 **Original:* (@cnir_bayarea) March 22, 2025
 

President Trump also reaffirmed his pro-crypto stance, calling for the U.S. to become a global crypto leader. If regulatory clarity improves, Bitcoin may benefit from renewed institutional flows.

Lawmakers Pressure SEC on Meme Coins; Supporting Bitcoin

Political scrutiny is building around meme coin regulation. Senators including Elizabeth Warren criticized the SEC’s exemption of tokens linked to public figures, including Melania and Donald Trump.

Lawmakers argue that this lack of oversight exposes retail investors to scams while giving preferential treatment to politically-affiliated projects.

Two U.S. lawmakers just went after the SEC with serious heat 🔥

Sen. Warren and Rep. Auchincloss are demanding answers after the agency said meme coins aren’t securities—right after President Trump 🇺🇸 and First Lady Melania launched TRUMP and MELANIA tokens

They're calling out…

— Bitcoin.com News (@BTCTN) March 21, 2025
 

This renewed debate could reinforce Bitcoin’s appeal as a more secure, transparent digital asset. If meme coins come under regulatory fire, capital may rotate into BTC as the dominant “safe-haven” crypto.

Switzerland Says No, U.S. Moves Forward

While the U.S. eyes Bitcoin as a strategic reserve asset, the Swiss National Bank (SNB) is taking the opposite view. The SNB cited legal and technical risks as reasons to reject adding BTC to its reserves.

Vice President Martin Schlegel reaffirmed that their current reserve structure serves monetary stability better than crypto assets.

The Swiss National Bank won’t buy Bitcoin and similar digital currencies, even after President Donald Trump made a push to establish a strategic US reserve, central bank chief Martin Schlegel said https://t.co/cAUDqL7cLW pic.twitter.com/sbk4bLzCjd

— Bloomberg (@business) March 20, 2025
 

However, the U.S. pivot is more influential globally and could outweigh Switzerland’s caution, reinforcing Bitcoin’s growing institutional legitimacy.

Bitcoin Technical Analysis: Reclaiming $90K?

Bitcoin is consolidating around $84,360 on the 4-hour chart, forming a symmetrical triangle—a pattern that often precedes major moves.

Price is holding above an ascending trendline and the 50-day EMA, currently near $84,030. Immediate resistance lies at $84,340, with breakouts targeting $87,410 and $89,900.

Volatile Market Sentiment: Could Bitcoin Reclaim $90K in the Coming Days? image 1

If BTC fails to hold support, it could drop to $81,550. Volume remains steady, but directionless. A strong breakout above $84,340 could be the catalyst needed to make $90,000 a near-term reality.

Key Takeaways:

  • Bitcoin eyes $87,410 and $89,900 if $84,340 breaks.
  • The 50-day EMA at $84,030 offers critical support.
  • U.S. policy momentum may provide fuel for another leg up.

 

 
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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