Eric Trump Urges “Buy the Dips” for Bitcoin Amid Short-Term Price Stagnation

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

On July 18, Eric Trump, son of former President Trump, reiterated his bullish stance on cryptocurrency by resharing a February 25 tweet urging investors to “Buy the dips,” with the letter “B” symbolizing Bitcoin. Despite this endorsement, market data from COINOTAG indicates that both Bitcoin and Ethereum failed to sustain upward momentum shortly after these social media endorsements. This highlights the ongoing volatility and complex dynamics influencing crypto asset prices, underscoring the importance of cautious investment strategies amid fluctuating market conditions.

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