Bitcoin Price Analysis: $2 Billion Bitcoin Acquisition by Trump Media Now Underwater – Where Is the Onchain Support?
Bitcoin trades at $101,102 after an 8.54% weekly decline pushed Trump Media’s $2 billion Bitcoin acquisition underwater, regardless of some bullish bitcoin price predictions earlier this 12 months that pushed BTC above $120k ATH.
The firm bought between July 1 and 21, when Bitcoin traded round $118,000, and now holds over $1.3 billion in BTC as of September thirtieth.
Trump Media reported a $54.8 million loss in Q3, regardless of producing $28.7 million from Bitcoin premiums and curiosity. DJT inventory hit a 52-week low of $12.70, declining 16% over the previous week.
Corporate Treasury Strategy Confronts Volatility
Trump Media amassed its $2 billion Bitcoin stockpile at $118,000, becoming a member of Wall Street’s rising development of digital asset treasuries.
CEO Devin Nunes highlighted the “huge bitcoin treasury” as securing monetary futures regardless of losses magnified by $20.3 million in SPAC merger authorized charges.
Revenues of $972,900 elevated 10% from Q2 however remained under 2023’s $4.1 million annual complete.
Bitcoin’s decline since September 30 positions Trump Media for an additional This autumn loss.
The Trump household’s broader publicity contains World Liberty Financial’s $5.76 billion in holdings and Official Trump Meme’s $6.30 billion in holdings.
Notably, Trump Media has additionally lately introduced expansion into prediction markets with Crypto.com.
Critical Support Level Determines Bitcoin Price Prediction
Bitcoin exams the 50-week EMA at $100,887, a transferring common that has supplied help in three earlier bull market cases.
The 780% advance from $15,000 to $132,000 over 24-35 months approaches the period of a late-stage bull market.
Secondary help ranges from $95,000 to $97,000, with main help at $85,000 to $90,000.
Valuation metrics point out that Bitcoin is nineteen% above its honest worth. Whale accumulation patterns point out consolidation expectations. Resistance emerges at $106,000, $110,000, and $120,000.
A profitable protection of $100,000 help permits restoration towards $106,000-$110,000, adopted by a potential advance towards $120,000-$150,000 over 2025-2026.
However, a breakdown under $98,000 accelerates the decline towards $90,000 to $95,000.
The near-term trajectory includes volatility between $95,000 and $110,000. Polymarket assigns a 48% chance to Bitcoin reaching seven figures first.
BTC Hyper Brings Layer-2 Innovation to Bitcoin
While Bitcoin exams vital help, its basic limitations stay – sluggish transactions and high prices maintain it from DeFi, gaming, and funds.
BTC Hyper brings Solana-speed transactions to Bitcoin by Layer-2 structure.
Users convert their BTC to entry near-instant, low-cost transactions with out sacrificing safety. The presale raised $25 million, pushed by demand for quicker Bitcoin.
From DeFi to NFTs and Web3 gaming, BTC Hyper unlocks actual utility. Early individuals can earn staking rewards as much as 60% APY whereas the mainnet prepares for launch.
To purchase $HYPER, go to the official Bitcoin Hyper web site and join your pockets, like Best Wallet. You can swap crypto or use a financial institution card.
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