Bitcoin Price Prediction: Trump’s Media Company Buys $2B in BTC – Parabolic Bull Market Starting?
Main Idea
Trump Media and Technology Group's $2 billion Bitcoin acquisition has sparked bullish Bitcoin price predictions, with BTC consolidating at $118K and analysts anticipating a parabolic bull market.
Key Points
1. Trump Media and Technology Group acquired $2 billion in Bitcoin, making up two-thirds of its liquid portfolio, signaling strong confidence in Bitcoin's long-term value.
2. Bitcoin has surged over 55% from its April low of $74,508 and is currently consolidating in the $117,000-$118,000 range.
3. Analysts note significant BTC movements, including 32,300 BTC entering exchanges in one hour, indicating potential profit-taking behavior after Bitcoin's all-time peak.
4. Technical analysis suggests a bullish reversal targeting $123,358, with the RSI at 68.7 indicating strong momentum but nearing overbought conditions.
5. Bitcoin Hyper ($HYPER), a new altcoin, has raised $4.1 million in its presale, offering fast transactions while maintaining Bitcoin's security features.
Description
A bullish Bitcoin price prediction is gaining momentum after Trump Media and Technology Group announced it has acquired around $2 billion in Bitcoin and crypto-related investments. The move highlights Donald Trump’s deepening involvement in crypto during his presidency. According to the company, digital assets now make up roughly two-thirds of its $3 billion liquid portfolio, signaling a major institutional vote of confidence in Bitcoin’s long-term value. Trump Media and Truth Social are expandi...
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