Eric Trump’s ‘Buy the Dip’ Whisper: Bitcoin’s $117K Rescue Mission? 🚀

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And now, in a galaxy not so far away, the universe hums with the existential dread of whether Eric Trump’s latest “buy the dip” proclamation might jolt Bitcoin from its slumber. Could BTC price finally muster the courage to leap above the 20-day moving average’s $117,000 threshold, or will it continue its dramatic monologue of indecision? Spoiler: The market is still arguing with itself, but hey, who isn’t these days?

Back in February, Eric Trump—yes, that one—posted a cryptic “buy the dip” message that somehow coincided with Ethereum’s wild rollercoaster ride from $1,400 (the crypto equivalent of “bargain basement”) to $3,900. Bitcoin, ever the mimic, followed suit, peaking at $122,838 in July. Coincidence? Probably. But let’s not let logic spoil the fun.

Meanwhile, World Liberty Financial—yes, the Trump-affiliated DeFi project that somehow makes “Trump Tower” sound humble—reportedly hoovered up 77,226 ETH at $3,294 apiece. Because nothing says “trust us” like a name drop and a suspiciously large token purchase. 🤷

And just to keep the chaos going, Eric Trump joined Metaplanet’s Board of Advisors in March 2025. The Japanese firm, now committed to a $3.7 billion Bitcoin gamble by 2027, has declared its intent to hoard 210,000 BTC. One can only imagine the family dinner conversations. “Dad, why do we own a DeFi project?” “Because, son, it’s the future. And also, it’s tax-deductible.”

As Bitcoin flounders near $113,000, clutching its metaphorical knees in the face of tariff-related tantrums, the question remains: Will Eric’s tweets (or should we say, “whispers of hope”) be enough to avert disaster? Or is this just another episode of “Crypto: The Series,” where every plot twist is a 20% drop?

BTC Price Forecast: Will Bitcoin Reclaim $117K or Slide Toward $110K? 🤯

Technically speaking (oh no, here we go), Bitcoin is currently flirting with the lower Bollinger Band near $112,000, which is either a sign of oversold conditions or a very polite way of saying “get ready to panic.” Volume? Moderate. Which is crypto-speak for “not enough people care to cause a stampede.”

The 20-day moving average at $117,000 remains a mythical line in the sand. Earlier this month, Bitcoin clung to it like a toddler to a security blanket, briefly hitting $122,838 before retreating. A breakout above $117,700 would likely trigger a surge of bullish optimism—or at least a few dozen memes about “moon bulls.”

But the MACD, that enigmatic indicator, tells a darker tale. With the line at –991.82 and still below the signal line, momentum is as bearish as a grizzly on a Monday morning. Bulls will need a miracle (or a viral tweet from Elon) to flip the script. 🪄

Bitcoin Price Forecast | Source: TradingView

If $113,000 breaks, Bitcoin might find itself in a freefall toward $108,861, a level so psychologically fragile it could shatter if someone sneezes too hard. And if that happens? Prepare for a WallStreetBets-style “diamond hands” frenzy, because nothing says “rational decision-making” like buying the dip at a 50% discount.

Eric Trump’s bullish commentary might offer a brief dopamine hit for traders, but unless it aligns with a surge in volume (and maybe a new presidential tweet), it’s just another day in the crypto circus. 🐘

In the end, Bitcoin’s fate hinges on whether it can reclaim $117,000—a number so sacred it could be carved into the Rosetta Stone of crypto. Until then, it’s a waiting game of “hold my beer and watch this” volatility. Cheers to that. 🍻

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2025-08-02 23:59