Eric Trump Says ‘Buy the Dip’ on BTC and ETH; Here’s What Happened Last Time
- Eric Trump repeated his “buy the dips” call for Bitcoin and Ethereum during ongoing price corrections.
- Bitcoin dropped below $113.5K, with RSI signaling oversold after an $8K slide since late July.
- Ethereum fell under $3.6K, breaking support and extending its $500 decline amid weak momentum and oversold RSI.
Eric Trump is urging investors to “buy the dips” in Bitcoin (BTC) and Ethereum (ETH), reiterating a call he first made in February in a new post on X. His post, which included the ticker symbols for both assets, signals his support in the latest crypto market’s price correction.
Bitcoin Drops Below $113.5K, Hits Oversold Zone After $8K Slide
The call comes as Bitcoin is showing signs of continued weakness. The price fell another 0.29% in the last four hours, dropping to $113,434.
This move pushed BTC further below a key technical indicator, the 50-day EMA, which now sits at $116,712. For traders, this is a clear sign that the bearish trend is still in control.
The Relative Strength Index (RSI), a measure of market momentum, has fallen to 29.80. This reading suggests that Bitcoin is in “oversold” conditi…
The post Eric Trump Says ‘Buy the Dip’ on BTC and ETH; Here’s What Happened Last Time appeared first on Coin Edition.
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Eric Trump Says ‘Buy the Dip’ on BTC and ETH; Here’s What Happened Last Time
- Eric Trump repeated his “buy the dips” call for Bitcoin and Ethereum during ongoing price corrections.
- Bitcoin dropped below $113.5K, with RSI signaling oversold after an $8K slide since late July.
- Ethereum fell under $3.6K, breaking support and extending its $500 decline amid weak momentum and oversold RSI.
Eric Trump is urging investors to “buy the dips” in Bitcoin (BTC) and Ethereum (ETH), reiterating a call he first made in February in a new post on X. His post, which included the ticker symbols for both assets, signals his support in the latest crypto market’s price correction.
Bitcoin Drops Below $113.5K, Hits Oversold Zone After $8K Slide
The call comes as Bitcoin is showing signs of continued weakness. The price fell another 0.29% in the last four hours, dropping to $113,434.
This move pushed BTC further below a key technical indicator, the 50-day EMA, which now sits at $116,712. For traders, this is a clear sign that the bearish trend is still in control.
The Relative Strength Index (RSI), a measure of market momentum, has fallen to 29.80. This reading suggests that Bitcoin is in “oversold” conditi…
The post Eric Trump Says ‘Buy the Dip’ on BTC and ETH; Here’s What Happened Last Time appeared first on Coin Edition.
Read More