Bitcoin trader eyes $78K BTC price retest as US seen delaying reserve

US Congressional support for a Bitcoin reserve is lacking, Senator Cynthia Lummis warns as BTC price momentum stalls.

Bitcoin (BTC) retreated from above $90,000 at the March 5 Wall Street open amid mixed signals over the US strategic reserve.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed whipsaw BTC price action continuing as part of broader risk-asset volatility.

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