Bitcoin (BTC/USD) – Open attention, ETF flows amid Trump encryption notes

• The price of Bitcoin (BTC/USD) witnessed significant fluctuations, as it decreased to 78 thousand dollars before height to 95,000 dollars due to Trump’s comments of the encryption coin, then a settlement of about 86 thousand dollars.
• Bitcoin’s open benefit at the lowest level in six months, which historically preceded the prices.
• Spot Bitcoin ETF flows have witnessed an investment of $ 94.3 million on the last day of February, as it ended a period of large withdrawals. Can you continue?
• Technical analysis indicates a possible BTC/USD.

Most read: Outlook Markets Weekly – Customs tariffs, NFP and ECB on the agenda

The Bitcoin’s Rollercoasster’s journey continued today with the world’s cryptocurrency rising about 18 % in the lowest level on Friday. Short -term gains proved, as Bitcoin surrendered half of these gains to trade at $ 86,000 at the time of writing this report.

Crypto Heatmap, 3 March 2025

Source: TradingView (Click to Zoom)

President Trump and the encryption reserve

The Bitcoin price increased by 11 %, reaching nearly 95,000 dollars, after US President Donald Trump mentioned on March 2 the idea of ​​creating a strategic currency strategic reserve.

Initially, he said it would include XRP, Solana and Cardano, but later added to his social platform in fact that it would also include Bitcoin, Eter, Cryptocurrency.

This step followed a 2 % increase on March 1 and a recovery in the price on Friday, 28 of the lowest level of 78197 to close at 84321.

Trump’s publication has given a positive boost, but major issues such as customs tariffs are still playing a major role for merchants. Current currencies are still affected by the total economic conditions, which are reflected in price procedures today, with continued uncertainty in the customs tariffs and political geography.

There are concerns about President Trump’s plans, as is the case with James “Metalwan” Murphy, a lawyer who focuses on encryption cases, as he does not believe that a strategic digital asset reserve can be created by executive order.

Murphy went further and pointed to X even if Congress quickly agreed to the strategic digital asset reserves, which is unlikely, the main question is how to finance it. Most likely, the plan will start by stopping government sales of encryption assets, which will only have a small effect on prices.

The short -term question is whether the ongoing handle on Friday is about 78 thousand dollars as a floor to pay another about 100 thousand dollars, or collapse with the lack of morale of the total market.

Etf flows

Spot Bitcoin ETFS in the United States has witnessed $ 94.3 million investments on the last day of February, which represents the end of the most difficult month in Crypto three years ago.

This amount ended the withdrawal period for eight days when investors got more than $ 3.2 billion of this money with a decrease in encryption prices.

The new week will be a pivotal ETF flow where it will be interesting to know if ETF flows improve after Crypto Reserve’s comments by President Trump during the weekend.

Source: Farside Investors (Click to Zoom)

Bitcoin open attention draws a positive picture

Credbull Crypto subscribes to X that the open interest of Bitcoin is now at the lowest point in six months. He stated that the last time it was low, the price of Bitcoin was between $ 50,000 and $ 60,000. He also pointed out that the Bitcoin financing rate has turned into negative, the same thing that happened before the Bitcoin price jumped to $ 100,000 when it was trading in a range of 50,000-60,000 dollars.

Interestingly, he mentioned that these signals seem “great” for Bitcoin and support his belief that he has reached below. This looks true, as Bitcoin wore 95,000 dollars after declining to less than $ 80,000 last week.

Source: ‘Credibull Crypto’ on X (Click to Zoom)

Technical Analysis BTC/USD

Bitcoin (BTC/USD) remains from a technical point of view on the daily time frame in the direction of a decline despite the weekend gathering.

The daily candle failed to close over the 96572 BTC/USD papers vulnerable to the negative side.

There is also an interstate for death where MA crosses for 50 days from MA 100 days, which usually hints to additional capabilities on the negative side.

Bitcoin (BTC/USD) Daily Chart, 3 March 2025

Source: TradingView.com (Click to Zoom)

The descent to the two -hour graph and the reverse head pattern and the shoulders that were formed during the past week with a break that occurs during the weekend, perfection has been made.

The goal was about the 95000 handle, which was also fulfilled and preceded a significant decline on Monday.

The anxious part is that the upscale gathering not only faded, but the candle that was closed below the previous swing at 85600 means that we turn into the structure in favor of the bears at this stage.

There is also MAS 50 and 100 days, both of which will provide great resistance obstacles if the bulls look at a step again.

The immediate resistance is located in 86567 and 88096 before the 90000 handle returns to the focus.

Immediate support is based on 85,000 before focusing on 83500 and 80000 handles.

Bitcoin (BTC/USD) scheme for two hours (H2), March 3, 2025

Source: TradingView.com (Click to Zoom)

Support

resistance

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