The post Bitcoin Price Rebound After President Donald Trump Announced a Deal on Greenland: Is It a Dead-cat-bounce? appeared first on Coinpedia Fintech News BitcoinThe post Bitcoin Price Rebound After President Donald Trump Announced a Deal on Greenland: Is It a Dead-cat-bounce? appeared first on Coinpedia Fintech News Bitcoin

Bitcoin Price Rebound After President Donald Trump Announced a Deal on Greenland: Is It a Dead-cat-bounce?

What Happens to Crypto if Congress Approves the Tariff Dividend? Market Outlook

The post Bitcoin Price Rebound After President Donald Trump Announced a Deal on Greenland: Is It a Dead-cat-bounce? appeared first on Coinpedia Fintech News

Bitcoin (BTC) price has led the wider crypto market in a bullish outlook today. After previously erasing the new year gains, the flagship coin rebounded above $90k during the mid-North American trading session.

The total crypto market cap surged 1% to hover about $3.05 trillion at press time.

Bitcoin Rebounds on TACO Trade

The main reason why the crypto market rebounded on Wednesday was due to the trade deal announced between the United States and Europe. Bitcoin price rebounded after President Donald Trump announced a deal with respect to Greenland.

“We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region. This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st,” President Trump stated.

The Bitcoin price rebound was influenced by traders’ TACO (Trump Always Chickens Out) narrative. Moreover, similar narratives happened during the 2025 tariff wars.

What’s Next for BTC Price?

From a technical analysis standpoint, the flagship coin is not yet out of the woods even after today’s rebound. Moreover, Bitcoin price in the daily timeframe has been forming a bearish continuation flag, with a midterm target of about $80k.

BTC price

As Coinpedia reported, Bitcoin price is in the last phase of the bearish outlook, with the cumulative strong fundamentals and the anticipated capital rotation from Gold likely to trigger a fresh bull rally in the near future.

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$4.53
$4.53$4.53
-1.17%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week

Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week

TLDR Bitcoin ETFs recorded their strongest weekly inflows since July, reaching 20,685 BTC. U.S. Bitcoin ETFs contributed nearly 97% of the total inflows last week. The surge in Bitcoin ETF inflows pushed holdings to a new high of 1.32 million BTC. Fidelity’s FBTC product accounted for 36% of the total inflows, marking an 18-month high. [...] The post Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week appeared first on CoinCentral.
Share
Coincentral2025/09/18 02:30
XAG/USD retreats toward $113.00 on profit-taking pressure

XAG/USD retreats toward $113.00 on profit-taking pressure

The post XAG/USD retreats toward $113.00 on profit-taking pressure appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) halts its seven-day winning streak
Share
BitcoinEthereumNews2026/01/30 10:21
BTC Leverage Builds Near $120K, Big Test Ahead

BTC Leverage Builds Near $120K, Big Test Ahead

The post BTC Leverage Builds Near $120K, Big Test Ahead appeared on BitcoinEthereumNews.com. Key Insights: Heavy leverage builds at $118K–$120K, turning the zone into Bitcoin’s next critical resistance test. Rejection from point of interest with delta divergences suggests cooling momentum after the recent FOMC-driven spike. Support levels at $114K–$115K may attract buyers if BTC fails to break above $120K. BTC Leverage Builds Near $120K, Big Test Ahead Bitcoin was trading around $117,099, with daily volume close to $59.1 billion. The price has seen a marginal 0.01% gain over the past 24 hours and a 2% rise in the past week. Data shared by Killa points to heavy leverage building between $118,000 and $120,000. Heatmap charts back this up, showing dense liquidity bands in that zone. Such clusters of orders often act as magnets for price action, as markets tend to move where liquidity is stacked. Price Action Around the POI Analysis from JoelXBT highlights how Bitcoin tapped into a key point of interest (POI) during the recent FOMC-driven spike. This move coincided with what was called the “zone of max delta pain”, a level where aggressive volume left imbalances in order flow. Source: JoelXBT /X Following the test of this area, BTC faced rejection and began to pull back. Delta indicators revealed extended divergences, with price rising while buyer strength weakened. That mismatch suggests demand failed to keep up with the pace of the rally, leaving room for short-term cooling. Resistance and Support Levels The $118K–$120K range now stands as a major resistance band. A clean move through $120K could force leveraged shorts to cover, potentially driving further upside. On the downside, smaller liquidity clusters are visible near $114K–$115K. If rejection holds at the top, these levels are likely to act as the first supports where buyers may attempt to step in. Market Outlook Bitcoin’s next decisive move will likely form around the…
Share
BitcoinEthereumNews2025/09/18 16:40