Trump Factor May Test Bitcoin's Recent Surge Amid Volatility

Bitcoin's recent surge may be about to face another significant test, as US President Donald Trump is set to deliver a speech on August 22. Analyst Michaël van de Poppe has warned that rising volatility could lead to sharp short-term corrections in the market.

The BTC/USD price has been trading near $77,400 after falling from its recent high of $79,500. Van de Poppe points out that immediate correction risks remain and suggests possible scalp entries appearing below $74,200, with the next ideal longer-term zone at around $71,100.

For Indian Bitcoin holders, the key connection is between Bitcoin's price action, the US dollar (USD), and the Indian rupee (INR). The value of Bitcoin in INR is determined by the BTC/USD price multiplied by the USD/INR exchange rate. A rally in BTC combined with a decline in the rupee against the dollar can amplify the returns of Bitcoin in rupee terms.