Pseudonymous crypto analyst Dave and Key Opinion Leader (KOL) took to X to predict that Bitcoin had a historical tendency to return to the median line, which he indicated was a strong long-time uptrend.
"Btc price chugging along on the weekly Gaussian. Projected target of 180K. Has made it to the median line previously," Dave posted on X.
According to CoinMarketCap , Bitcoin has a trade value of $90,652 and increased by 6.23% in the past week.
Still, BTC has shown resilience amid turbulent market conditions, having briefly fallen below $85,000 before rising back up. With a 24-hour trading volume of $45.8 billion, the asset's market cap is at $1.81 trillion.
Trump's Bitcoin reserve is closer than ever
On March. 5, Commerce Secretary Howard Lutnick confirmed to the press that President Donald Trump will unveil a U.S. Strategic Bitcoin borrowing reserve during Friday's White House Crypto Summit , acting as fuel to the ongoing Bitcoin bullish momentum.
This initiative reflects a potential policy shift at the level of the state where Bitcoin adoption legislation can be proposed alongside increasing institutional demand for digital assets at the federal level.
The U.S. government's angle on Bitcoin has been a hot topic, especially as it emerged that past federal Bitcoin sell-offs could have netted billions in extra profits.
The creation of a national Bitcoin reserve could represent a flash point in U.S. monetary policy, and would further cement Bitcoin's status as a hedge against inflation and economic instability.
