U.S. Kicks Off Strategic Bitcoin Reserve as BTC Price Charts Signal $190K Potential

3 days ago 12

TLDR:

U.S. Treasury will use seized Bitcoin to form the Strategic Bitcoin Reserve under Trump’s March order.
Additional Bitcoin acquisitions will follow budget-neutral strategies to expand the reserve.
Analyst EGRAG CRYPTO sees $170K–$190K Bitcoin potential based on historical EMA pump cycles.
Bitcoin trades at $118,957 after a minor weekly gain despite a short-term price pullback.

The U.S. government has begun turning forfeited Bitcoin into the foundation of a Strategic Bitcoin Reserve. This move follows a March executive order by President Trump aimed at positioning the United States as the global leader in Bitcoin.

Treasury Secretary Scott Bessent confirmed that the reserve will grow through budget-neutral acquisition strategies. Market watchers see the announcement as a milestone in Washington’s adoption of Bitcoin as a financial asset. Traders are also tracking technical indicators that could point to a rally.

Bessent stated that the Treasury will explore ways to add Bitcoin without expanding federal spending. This approach could involve reallocating existing resources rather than direct market purchases.

The US is now recognizing Bitcoin as a Treasury Reserve Asset. https://t.co/uPL7ueyjLW

— Michael Saylor (@saylor) August 15, 2025

MicroStrategy co-founder Michael Saylor said the U.S. is effectively recognizing BTC as a Treasury Reserve Asset. The development marks a policy shift with long-term implications for both public finance and the crypto market.

Bitcoin Price Prediction Signals Possible Rally to $190K

Crypto analyst EGRAG CRYPTO said the weekly 21 EMA chart pattern is pointing to bullish potential.

According to the analysis, historical cycles show substantial price jumps after closing above the 21 EMA. Gains in past cycles reached 68%, 162%, and 74%, averaging around 101%. That average move would put Bitcoin in the $170K–$190K range.

#BTC – 21 Weekly EMA: Corrective Phase Before the Pump! 🚀

As we kick off this cycle, the 21 EMA on the weekly time frame is sending us a clear and clean signal about what’s happening:

Here What is Happening:
1️⃣ Close Below 21 EMA:
We’ve seen multiple candles closing below… pic.twitter.com/6bHJHdvyoj

— EGRAG CRYPTO (@egragcrypto) August 15, 2025

The analyst noted that BTC has recently triggered the second pump in the current cycle. Price action remains bullish as long as the weekly close holds above the 21 EMA. EGRAG CRYPTO urged traders to focus on experienced market voices and ignore short-term noise.

While near-term volatility remains, the structural setup still points upward.

BTC Market Snapshot and Trading Conditions

At the time of writing, BTC is priced at $118,957, based on CoinGecko data. Trading volume in the past 24 hours was $67.99 billion.

The asset posted a 1.89% weekly gain despite a 2.21% daily drop. Traders say the short-term decline is not unusual within a broader uptrend.

Analysts suggest that breaking above the EMA threshold could attract more institutional and retail inflows. If the U.S. continues to accumulate BTC,market sentiment may strengthen further.

For now, investors are balancing macroeconomic developments with on-chain signals.