Bitcoin could face increased downside volatility if it closes the week below the key $82,000 support level as investor sentiment remains subdued following short-term disappointment in the US Strategic Bitcoin Reserve.
President Donald Trump’s executive order, signed on March 7, data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/donald-trump-signs-executive-order-strategic-bitcoin-reserve” rel=”null” target=”null” text=”null” title=”null”>outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases rather than actively acquiring Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”null” target=”null” text=”null” title=”null”>BTC) through market purchases.
The lack of direct federal Bitcoin investment has “led to a near-term negative market reaction and a…
