📊 Will Trump’s $4.5T Tax Cut Budget Push Crypto Higher?

David Tevzadze - Feb 26 - - Dev Community

🚀 Crypto Prices Stabilize Amid Budget Vote
$BTC , $ETH , and $XRP rebounded after sharp declines, following the House approval of Trump’s $4.5T tax cuts. The budget raises the debt ceiling by $4T, potentially increasing money supply, which has historically benefited Bitcoin.

📉 BTC Price Outlook
Bitcoin hit a low of $85,873, triggering ETF outflows. However, BTC has settled at the 200-day EMA, a level that previously led to a strong rebound. If momentum builds, BTC could recover toward $95,000.

📈 ETH Eyes Reversal
ETH crashed alongside the market, forming a death cross but also a hammer candlestick, signaling a potential bounce. To confirm a short-term rebound to $3,000, ETH must break $2,852 resistance. A drop below $2,318 could lead to further downside.

⚠️ XRP Faces Head & Shoulders Risk
XRP broke below the 50-day EMA, forming a bearish head & shoulders pattern. Losing the $2 support could send it to $1.62 or even $1. A breakout above resistance would invalidate the bearish setup.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Image description

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .