Eric Trump, Donald Trump’s second son, has issued yet one more purchase sign—this time for Bitcoin.
Taking to X, previously Twitter, he posted, “Looks like a good time to enter BTC”. His publish began a Bitcoin worth restoration to $99,000 earlier than a pullback to $97,300.
Looks like a good time to enter #BTC!
@worldlibertyfi
— Eric Trump (@EricTrump) February 6, 2025
Simply immediately, Donald Trump’s media firm revealed it might launch its personal Bitcoin ETF.
Nevertheless, consultants are predicting extra uneven worth motion and draw back volatility for Bitcoin earlier than the resumption of the bull market. Sidelined traders might doubtless await a greater entry level within the coming weeks.
What Does Eric Trump’s Assist Imply For Bitcoin?
Eric Trump’s Bitcoin publish reaffirms the Trump household and administration’s help for the cryptocurrency market.
He additionally tagged World Liberty Monetary’s X account, suggesting that Donald Trump’s crypto firm may very well be happening a BTC shopping for spree.
The framing of his publish additionally suggests he might have insider info concerning Bitcoin. For example, Donald Trump not too long ago signed an government order making a sovereign wealth fund beneath the supervision of Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
Eric Trump might have info concerning whether or not the SWF would spend money on Bitcoin, which might probably ship the asset to $200,000.
Nevertheless, Eric Trump’s help for Bitcoin means a lot much less for BTC than it did for Ethereum. Donald Trump and his crypto czar, David Sacks, have already hinted on the creation of a Strategic Bitcoin Reserve, which might be the largest bullish narrative for the most important crypto asset.
Unsurprisingly, the BTC worth has dipped to $97,300 after an preliminary restoration to $99,000.
Bitcoin Worth Prediction — Promote Or Maintain?
The Bitcoin bull run isn’t over. Nevertheless, BTC holders ought to gear up for extra uneven worth motion and even draw back volatility.
For example, distinguished analyst DonAlt believes the most important cryptocurrency might retest the $94,000 and $92,000 help ranges.
$BTC replace:
Struggling to reclaim resistance to no ones shock
Shut above $101.3k and I will be aiming for brand new ATHs
Whereas we’re beneath the most effective assumption to make is a variety pic.twitter.com/nTEoOJfAcp— DonAlt (@CryptoDonAlt) February 5, 2025
Crucially, a breakdown beneath the $91,200 help degree might lead to BTC testing the $85,000 zone.
Sidelined traders might use this chance to place themselves for the upcoming bull run. Relying upon whether or not or not a Strategic Bitcoin Reserve is created, the Bitcoin worth might peak anyplace between $120k to $200k in 2025.
Greatest Crypto To Purchase Now?
Bitcoin and different majors are anticipated to showcase consolidatory worth motion and even draw back volatility within the coming weeks.
Nevertheless, low-cap crypto belongings are exhibiting no correlation with BTC. As an alternative, they’re serving to traders create era wealth. Simply yesterday, an early $SSE purchaser turned his $358 funding into $718,000.
2 hours in the past somebody purchased $358 $SSE which now could be over $800,000 in revenue and offered $419,700 to date.
Buying and selling bot: https://t.co/QYUjB0uRmm pic.twitter.com/jAIRXT8BsP
— Kakashi (@kkashi_yt) February 5, 2025
Equally, Wall Road Pepe (WEPE) has raised over $70 million in its ICO days earlier than its launch.
$70M raised. Wired. Primed. Prepared to tear.
— Wall Road Pepe (@WEPEToken) February 6, 2025
For perspective, it’s increased than the pre-Binance valuation of a number of Binance meme cash like Neiro and Act I: The Prophecy.
The brand new Pepe-themed meme coin has develop into a favorite of whales. $50k buys are day by day occurrences, with a number of whales investing excessive six-figures into WEPE.
Moreover the ever-popular Pepe The Frog theme, Wall Road Pepe can also be a high-utility venture. It’s quickly launching a VIP group—The WEPE Military—which is able to supply cutting-edge market alpha to all token holders. They are going to even obtain recommendations on the most effective cryptos to purchase now.
Unsurprisingly, sensible cash traders are bullish on WEPE’s excessive upside potential, with many eyeing anyplace between 10x and 15x returns. With the presale ending in simply 10 days and the meme coin launching quickly after, Wall Road Pepe is at the moment amongst among the best meme cash to purchase.
Go to Wall Road Pepe Presale