Bitcoin has been making headlines recently with its volatile price movements and the ongoing debate about its potential as a safe-haven asset. However, the latest news from the US government has caused some concern among Bitcoin analysts.

President Trump recently announced a new reserve plan that excludes any new government purchases, which could potentially limit the upside for Bitcoin. This news comes at a time when BTC has been struggling to hold above key resistance levels, leading some experts to warn of a possible downturn in the near future.

The exclusion of new government purchases in the reserve plan could mean less demand for Bitcoin, as it has been seen as a hedge against inflation and economic uncertainty. This could lead to a decrease in buying pressure and ultimately result in a drop in BTC’s price.

Furthermore, Bitcoin has been struggling to break through key resistance levels, with the $10,000 mark being a major hurdle. This has caused some analysts to believe that the current rally may have reached its peak and a correction could be on the horizon.

However, not all hope is lost for Bitcoin. Despite these potential challenges, the cryptocurrency has shown resilience in the face of adversity before. It has proven to be a highly volatile asset, with sharp price movements in both directions. This means that while there may be limited upside in the short term, there is still potential for growth in the long run.

In addition, the recent halving event, which reduced the block reward for miners, could also have a positive impact on Bitcoin’s price in the long term. This event has historically been followed by a bull run, and many experts believe that this time will be no different.

Overall, while the exclusion of new government purchases and the struggle to break through key resistance levels may cause some concern for Bitcoin investors, it is important to remember that the cryptocurrency has proven to be resilient and has the potential for long-term growth. As always, it is important to do your own research and make informed decisions when it comes to investing in Bitcoin.