How High Will Bitcoin Price Go if Trump Launches a Strategic BTC Reserve Before Q2 Ends?

Bitcoin (BTC) just reached the $80,000 milestone on Monday after concerns about the US-Iran war wound down. This gain came at an opportune time when bullish headwinds are blowing in Bitcoin’s favor because President Donald Trump has renewed talks about getting a strategic US BTC reserve. The promise of this reserve was the reason why Bitcoin price gained after Trump was elected in 2024. If it is established before the end of Q2, what peak will BTC reach?

White House Says Strategic BTC Reserve to Launch in a Few Weeks

The White House digital assets advisor, Patrick Witt, has revived talks about the US getting a Bitcoin reserve soon. He said that this reserve is going to be launched “in the next few weeks,” but he did not set any date.

Witt may not have specified a date, but his statement was enough to light up conversations. This is evident on Polymarket, where the chances of the US getting the Bitcoin reserve before 2027 just reached the highest they have ever been since March 8.

But this is not the first time that Witt has hinted at something going on with the Bitcoin reserve in the second quarter. In April, he said that the White House would release plans on the reserve within two months, putting the deadline in mid-June.

How High Will Bitcoin Price Rally?

If it is launched in this quarter, Bitcoin price will rise through Q3 and Q4. The weekly chart shows a rounding bottom that sets a target.

This bottom tends to be good for price. From where the lowest point of this bottom is, up to the neckline, there is a 20% gain, so holding above $79,360 targets $96,000.

But first, Bitcoin has to overcome the obstacle at the 200-day EMA at $85,769 before the journey upwards can resume.

The AO reading is green below zero, creating a long-term Bitcoin price forecast signalling that bears are losing their grip and bulls might take over and push Bitcoin higher.

On-Chain Data Shows Shifting Trends

On-chain data on Bitcoin shows that the price is at a crossroads. After BTC went above $80K, Santiment notes that some people started selling. This was most likely retail that was taking profit after it got past $80,000.

Retail does not show the full picture because institutions are buying. CryptoQuant says it is because institutions are getting convinced about where the price is headed.

Institutions buying when retail is selling is a very good setup. It shows that BTC is leaving weak hands for strong hands. This makes it even more likely that the price is going up.