Eric Trump Flashes Buy Signal On Bitcoin, But Is BTC The Best Crypto to Buy Now?

5 hours ago 6

Eric Trump, Donald Trump’s second son, has issued yet another buy signal—this time for Bitcoin.

Taking to X, formerly Twitter, he posted, “Feels like a great time to enter BTC”. His post started a Bitcoin price recovery to $99,000 before a pullback to $97,300. 

Feels like a great time to enter #BTC! 🚀 @worldlibertyfi

— Eric Trump (@EricTrump) February 6, 2025

Just today, Donald Trump’s media company revealed it would launch its own Bitcoin ETF. 

However, experts are predicting more choppy price action and downside volatility for Bitcoin before the resumption of the bull market. Sidelined investors could likely wait for a better entry point in the coming weeks. 

What Does Eric Trump’s Support Mean For Bitcoin?

Eric Trump’s Bitcoin post reaffirms the Trump family and administration’s support for the cryptocurrency market. 

He also tagged World Liberty Financial’s X account, suggesting that Donald Trump’s crypto company could be going on a BTC buying spree. 

The framing of his post also suggests he could have insider information regarding Bitcoin. For instance, Donald Trump recently signed an executive order creating a sovereign wealth fund under the supervision of Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. 

Eric Trump could have information regarding whether the SWF would invest in Bitcoin, which could potentially send the asset to $200,000. 

However, Eric Trump’s support for Bitcoin means much less for BTC than it did for Ethereum. Donald Trump and his crypto czar, David Sacks, have already hinted at the creation of a Strategic Bitcoin Reserve, which would be the biggest bullish narrative for the largest crypto asset. 

Unsurprisingly, the BTC price has dipped to $97,300 after an initial recovery to $99,000. 

Bitcoin Price Prediction — Sell Or Hold?

The Bitcoin bull run isn’t over. However, BTC holders should gear up for more choppy price action and even downside volatility. 

For instance, prominent analyst DonAlt believes the largest cryptocurrency could retest the $94,000 and $92,000 support levels. 

$BTC update:

Struggling to reclaim resistance to no ones surprise
Close above $101.3k and I'll be aiming for new ATHs
While we're below the best assumption to make is a range pic.twitter.com/nTEoOJfAcp

— DonAlt (@CryptoDonAlt) February 5, 2025

Crucially, a breakdown below the $91,200 support level could result in BTC testing the $85,000 zone. 

Sidelined investors could use this opportunity to position themselves for the upcoming bull run. Depending upon whether or not a Strategic Bitcoin Reserve is created, the Bitcoin price could peak anywhere between $120k to $200k in 2025. 

Best Crypto To Buy Now?

Bitcoin and other majors are expected to showcase consolidatory price action and even downside volatility in the coming weeks. 

However, low-cap crypto assets are showing no correlation with BTC. Instead, they are helping investors create generation wealth. Just yesterday, an early $SSE buyer turned his $358 investment into $718,000. 

2 hours ago someone bought $358 $SSE which now is over $800,000 in profit and sold $419,700 so far.

Trading bot: https://t.co/QYUjB0uRmm pic.twitter.com/jAIRXT8BsP

— Kakashi (@kkashi_yt) February 5, 2025

Similarly, Wall Street Pepe (WEPE) has raised over $70 million in its ICO days before its launch. 

$70M raised. Wired. Primed. Ready to rip. 🐸⚔ pic.twitter.com/1jNgZucgUF

— Wall Street Pepe (@WEPEToken) February 6, 2025

For perspective, it is higher than the pre-Binance valuation of several Binance meme coins like Neiro and Act I: The Prophecy. 

The new Pepe-themed meme coin has become a favourite of whales. $50k buys are daily occurrences, with several whales investing high six-figures into WEPE. 

Besides the ever-popular Pepe The Frog theme, Wall Street Pepe is also a high-utility project. It is soon launching a VIP group—The WEPE Army—which will offer cutting-edge market alpha to all token holders. They will even receive tips on the best cryptos to buy now. 

Unsurprisingly, smart money investors are bullish on WEPE’s high upside potential, with many eyeing anywhere between 10x and 15x returns. With the presale ending in just 10 days and the meme coin launching soon after, Wall Street Pepe is currently among one of the best meme coins to buy. 

Visit Wall Street Pepe Presale

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