Bitcoin Rally Meets Trump Factor: What Indian Crypto Investors Should Watch
- Bitcoin’s rally comes ahead of Trump’s August 22 appearance, a key macro event for markets.
- BTC’s INR value depends on both BTC/USD price and USD/INR exchange rate.
- Michaël van de Poppe warns that rising volatility could lead to sharp short-term corrections
Bitcoin (BTC) experienced a sharp pullback from $79,500, with analyst Michaël van de Poppe targeting entries below $74,200 for scalps and $71,100 for longer setups amid high volatility.
However, President Donald J. Trump’s scheduled speech today adds another layer of market-moving uncertainty, often tying violent BTC rallies to USD weakness and shifts in the rupee, ultimately shaping profits measured in INR.
Bitcoin Price Tests Key Support After Volatile Pullback
Bitcoin continues to demonstrate underlying strength, trading near $77,400 after falling from its recent high. The broader crypto marke…
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