🚀 Eric Trump Urges ’Buy the Dip’ as Bitcoin (BTC) Rebounds from Critical Support Level

Bitcoin bulls just got a celebrity endorsement—and a lifeline.

After testing a key support zone, BTC staged a sharp rebound as Eric Trump joined the crypto chorus with a bullish 'buy the dip' call. The timing couldn't be more dramatic.

The Bounce That Roared

No fancy technical jargon here: Bitcoin did what Bitcoin does. It found buyers where it needed to, proving once again that crypto's volatility cuts both ways.

Trump's Tweet Heard 'Round Crypto Twitter

When political dynasties start giving trading advice, you know we're in peak financialization territory. But love it or hate it, the market listens.

As one hedge fund manager muttered between sips of artisanal CBD coffee: 'First they ignore you, then they meme you, then they pump their bags.' The circle of crypto life continues.

TLDR

• Eric Trump urged followers to “buy Bitcoin’s dip” as BTC fell 3.76% below the $117k-$120k zone
• Bitcoin has been red in 60% of the last 12 Augusts, making it historically a weak month
• Post-halving years (2013, 2017, 2021) saw double-digit August gains, offering some hope for bulls
• Analysts identify $100,000 as a critical support level that must hold for the uptrend to continue
• BTC ETFs recorded their worst quarterly outflows at $800 million, showing weak institutional demand

Bitcoin price has dropped 3.76% over three daily sessions, falling below the $117,000-$120,000 trading zone. The decline comes as Eric TRUMP posted on social media urging followers to “buy the dip.”

Let me say it again:

₿uy the dips!!! $BTC $ETH https://t.co/VSOvTgnlOT

— Eric Trump (@EricTrump) August 2, 2025

The timing of Trump’s call coincides with Bitcoin reaching what analysts consider a crucial support level. The cryptocurrency hit an all-time high of $123,000 on July 14 before beginning its current correction.

Crypto analyst MasterAnanda notes the 8% decline from the peak represents normal market behavior. Such retracements are common and necessary for continued price growth, according to the analysis.

August has historically been challenging for Bitcoin. Data shows the cryptocurrency posted losses in 60% of the last 12 Augusts. The month typically sees reduced trading activity as bid depth thins across major cryptocurrencies.

However, post-halving years present a different pattern. In 2013, 2017, and 2021, Bitcoin recorded double-digit gains during August. These years followed Bitcoin halving events that cut new supply issuance by 50%.

The reduced supply during halving years creates structural changes in market dynamics. Less bitcoin enters circulation at times when risk appetite often returns to markets.

ETF Outflows Paint Bearish Picture

Bitcoin ETFs recorded their worst quarterly performance with $800 million in outflows. This marks the largest exodus since February when outflows exceeded $1 billion.

The institutional selling pressure contrasts sharply with retail calls to buy the correction. Eric Trump’s previous market calls have shown mixed results.

In February, Trump posted a similar message when Bitcoin traded around $90,000. The price initially rose 6.6% over four sessions but quickly reversed. Bitcoin fell to $77,000 within a week as Leveraged positions faced liquidation.

Current market conditions differ from previous cycles. Tariff concerns, labor market data, and Federal Reserve policy uncertainty create headwinds for risk assets.

$100,000 Emerges as Key Battle Ground

Technical analysis points to $100,000 as the critical support level for Bitcoin’s bull market continuation. The psychological level gained importance after Bitcoin first crossed it in December 2024.

Strong buying interest exists above $110,000, showing demand despite selling pressure. However, the $100,000 level represents the ultimate test for bulls.

MasterAnanda states that holding above $100,000 keeps bulls in control of the market. A break below this level WOULD require analysts to reassess their bullish outlook.

The analyst expects Bitcoin price to resume its upward trajectory after weeks or months of consolidation. This pattern mirrors previous market cycles where corrections preceded new highs.

Bitcoin currently trades with support building above $110,000 as buyers absorb selling pressure from bears pushing the price lower.