Bitcoin price rose above the $66,000 level with the increase in risk appetite before US President Donald Trump’s address to the nation. Although a short retreat was observed after this rise, Bitcoin has stabilized around $65,500. Analysts assess that the price action strengthens the possibility that the economic messages that come with the broad stock market rally will create a local bottom for cryptocurrencies.
Trump’s Statements and Their Effect on the Cryptocurrency Market
Donald Trump’s emphasis on the decline in inflation and economic recovery in his speech draws attention to the 1.7 percent decline in core inflation in the last three months. This message from Trump, who described his first year after re-establishing the presidency as a historic economic turnaround, provided a short-term relief for risky assets suppressed by regulatory uncertainty. The commitment that the US economy will not return to previous policies also had a positive impact on the market; Bitcoin price climbed from $64,000 to $66,000 in the hours following Trump’s statements.
Technical Outlook and Critical Supports
Bitcoin’s failure to overcome the resistance at $66,000 pushed the price movement into a tight consolidation zone. While a significant support formed at $64,500, the price showed a short-term increase of 3.7 percent. However, the failure of four-hour closings above $66,500 indicates that the lack of momentum on the buying side continues. It is stated that if the support level is broken downwards, a total position of $ 370 million was liquidated to protect $ 60,000 at the beginning of this week. Polymarket and CryptoQuant data indicate that the $55,000 band could be the next local bottom.
However, despite the deepening support zones, buyers should not test new low levels for the recovery expectation to continue. While three technical indicators are still showing capitulation signals, Bitcoin is trading almost 50 percent below its last record high. Although the recovery in trading volume is noteworthy in the short term, the lack of a permanent movement above $ 66,000 creates concern on the technical analysis side.
Market Risk Perception and Stock Correlation
The broad market outlook shows Bitcoin moving closely with stocks again. The rise in Asian stock markets and the optimism ahead of Nvidia’s balance sheets to be announced on Wednesday were also reflected in crypto assets, led by technology shares. Solana rose 8 percent and Chainlink rose 5 percent; These developments created a stronger buying wave than Bitcoin, especially on the altcoin front.
A more cautious picture is observed in the corporate investment trend. Recent fund outflows in ETFs linked to crypto indices indicate that institutional investors are cautiously approaching the market. According to experts, large institutional inflows are not expected without Bitcoin clearly breaking through its structural resistance points.
Additionally, if Nvidia financials remain below market expectations, it is assessed that risk outflow from technology stocks could push Bitcoin to $63,000 levels.
The next 24 hours may be critical; Bitcoin regaining $67,500 could be considered confirmation that the downtrend has been broken in the short term and could move the price towards $70,000. However, falling below $64,000 indicates that the market may weaken again despite Trump’s economic promises. Current trading rates on Polymarket show that a decline to the $55,000 level may be on the agenda if macroeconomic pressure continues.
