Bitcoin has jumped 4.3% as future traders skew toward long positions ahead of Donald Trump’s speech at the Bitcoin Conference.
Bitcoin has recovered most of its losses from the week as traders wait to see what happens when former United States President Donald Trump takes the stage at the Bitcoin Conference in Nashville, Tennessee.
“Nobody wants to short Bitcoin into the weekend,” 10x Research CEO Markus Thielen wrote in a July 25 analyst note.
Thielen explained that there are high expectations that Trump will announce plans for a strategic Bitcoin (BTC) reserve at the Bitcoin Conference on July 27 should he be elected US president in November.
