Bitcoin may rally to $96,000 if the US launches a strategic BTC reserve soon, says White House adviser.

The White House digital assets adviser, Patrick Witt, announced that the US could launch a strategic Bitcoin reserve within the next few weeks. This news has sparked optimism in the market, with Bitcoin recently reaching $80,000. Technical analysis shows a potential rally target of $96,000 if the reserve is established before the end of Q2, though Bitcoin must first overcome resistance at $85,769. On-chain data indicates institutions are buying while retail investors take profits, suggesting strong hands are accumulating for a possible price increase.