The post Can Eric Trump’s Buy Signal Lift Bitcoin Above $117K? appeared on BitcoinEthereumNews.com.

Key Notes Bitcoin trades at $113,227 on Saturday, August 2, down 5.78% amid a 5-day losing streak. Eric Trump urges traders to “₿uy the dips!” following a similar February call during market volatility. The 20-day moving average at $117,000 acts as key resistance for Bitcoin price rebound attempts to gain traction. The dip comes at a time when political and financial voices have re-entered the crypto discourse. Eric Trump, Executive Vice President of the Trump Organization, posted a renewed bullish call on Saturday urging traders to “buy the dips!!!” , a sentiment he previously echoed on February 25 amid similar market anxiety. At that time, Ethereum dropped to $1,400 following his post but rebounded sharply to over $3,900, coinciding with improving macro conditions and renewed institutional demand. Bitcoin price mirrored that trajectory, rallying to $122,838 in mid-July. Notably, World Liberty Financial, a Trump-affiliated DeFi project, reportedly acquired 77,226 ETH at an average of $3,294, according to Lookonchain data from July 29. More so, Eric Trump recently joined Bitcoin investor Metaplanet’s Board of Advisors in March 2025. The Japanese firm has now committed to a $3.7 billion Bitcoin investment through preferred shares, targeting 210000 BTC holdings by 2027, according to crypto exchange, Bitget’s latest report. As BTC price struggles to defend the $113,000 support at press time, it remains to be seen if US President’s son, Eric Trump’s recent positive  comments provide the timely market sentiment boost needed to avert further losses as tariff tensions swirl. BTC Price Forecast: Will Bitcoin Reclaim $117K or Slide Toward $110K? Technically, the outlook remains mixed. The recent 5-day decline has brought Bitcoin closer to the lower Bollinger Band near $112,000, signaling potential oversold conditions that could attract dip buyers. Volume on the pullback remains moderate, suggesting absence of high intensity panic-driven sell-offs. A key…

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Filed under: News - @ August 2, 2025 5:25 pm