Bitcoin Price Prediction: Trump’s Media Company Buys $2B in BTC – Parabolic Bull Market Starting?

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.