The weekly Bitcoin table was on the right track below $ 90,000 for the first time since November 2024, but the tardy tide exceeded the prices higher after the US President Donald Trump announced the cryptographic strategic reserve.

Despite the monthly closing of candles in February 84,299 USD, the weekly closing BTC (BTC) formed a candle, closing at USD 94,222. Since prices again set general resistance of USD 95,000, one analyst remained careful as to the repetition of “Pump” from 2019.

Will Trump-Pump follow the XI-Pump path?

In 2019, during a long trade period, which stretched from June to October, Bitcoin market moods were low. However, on October 25, 2019, the announcement of China XI Jinping supporting blockchain technology caused a significant price raise.

However, in the following days, China imposed a series of repression on cryptographic assets and activities such as mining, which leads to novel minima within 30 days.

Shiller with frigid blood, an anonymous cryptographic analyst, Wood Similarities between “pump XI” and the current Trump pump, which suggests that sentimental rallies can often flow out due to lack of strength, and the market quickly adapts to the previous trend.

As shown in the chart, similarities between the two periods were in line with similar re -support conditions. In the first case, below USD 10,000 in 2019 and below USD 95,000 in 2025, and the asset was created 30 days later. The analyst added that in 2019 traders quickly confirmed the pump as “a short squeeze and managed to get very good entries.”

Similarly magician, cryptographic trader, mentioned That the bulls had to prove themselves this week and carry out re -acceptance of the High (VAH) value area at USD 103,000 and low value (Val) at USD 91,000.

Vah and Val define a range in which most of the volume of trading occurred in the selected period on the chart, in this case from November 2024. Magus also remained cautious for the pump XI, becoming, becoming, becoming becoming

“This is a configuration of the textbook for me, but if you were long enough, you remember how pump XI tells me that this movement was exaggerated because of sentiment.”

Related: Trump’s cryptographic reserve plan is in the face of the voice of the Congress, it may limit the rally

Bitcoins remains in distribution, not accumulation

Data from Glassnode suggested that despite the BTC rally, the basis for compact -term owners (STH) fell below 1 after the initial exceeding of USD 92,700. The current price of Bitcoin is below USD 92,700, which means that STHS has remained in a “fragile position” with a profitability current in Breakeven.

In addition, the data analysis platform also stated that the result of the Bitcoin accumulation trend remained below 0.5 for 58 consecutive days, raising the long net decay period.

The distribution period is defined as the phase of obtaining profits by investors, which is often in line with market corrections. Glassnode added,

“Phases of accumulation and distribution alternately over 57-65 days. Thanks to the latest reading at 0.9, the trend result indicates that large entities are still in the net distribution system, without a confirmed transition to accumulation. “

Related: The largest CME gap at $ 85,000: 5 things to get to Poznań in Bitcoin this week

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.