This weekend, Eric Trump made a bold statement amid the ongoing crypto market downturn. In this respect, on Saturday, Eric Trump declared the current Bitcoin ($BTC) decline as the most suitable time to buy the dip. As per the data from CNBC, Eric has predicted a massive spike in the price of Bitcoin ($BTC). Additionally, he has also persuaded traders to buy $BTC at the current lower prices to leverage huge profits during the next leg up.
Eric Trump Urges to Buy Bitcoin Dip While Market Sentiment Remains Bearish
While the market statistics display a relatively bearish sentiment in the market, Eric Trump is pushing the traders to purchase the dip. As per him, the present price decrease of Bitcoin ($BTC) presents a notable chance for accumulation. In this respect, he predicts a considerable price increase to occur in the near future.
Keeping this in view, the traders looking to capitalize on the next price upturn can utilize this phase to purchase $BTC at decreased prices. Historically, the notable $BTC treasuries like Strategy have been increasing their balances to secure significant gains amid bull rallies. The present downtrend aligns with that pattern as Strategy has recently purchased 8,178 $BTC.
Bitcoin Climbs 2.81% with Analysts Predicting Surge to $95,680
At the moment, Bitcoin ($BTC) is actually trading at $86,337.11. This highlights a 2.81% price surge over the past 24 hours. However, over the past 7 days, its price has seen a 10.1% dip. Simultaneously, the 1-month price performance of the flagship crypto asset presents a 9.99% plunge while its market cap stands at $1.72T with a 2.8% rise.
According to CNBC, Eric Trump’s call for traders to buy the Bitcoin dip comes at a critical time. The analysts predict this to be a turning point for the upcoming Bull Run. Specifically, the market onlookers predict that the top cryptocurrency is likely to hit $95,680, led by a staggering 12.68% rise over the next 30 days.
