Trump Media Adds 1,510 BTC As Bitcoin Approaches A Key Technical Turning Point
Summary
Trump Media & Technology Group reported a net increase of about 1,510 bitcoin in the third quarter, bringing its holdings to 15,649 BTC, valued at roughly $1.17 billion at the cited price. The company’s disclosure has drawn attention amid Bitcoin’s uncertain recovery, but the purchases occurred in the prior quarter and do not prove current buying pressure. Bitcoin faces resistance near $75,500, with $77,000–$78,000 and $80,000 potential next levels if it breaks higher; a fall below $74,000 could increase downside pressure. The piece notes that Bitcoin remains above its 200-day moving average but below its 50-day average, indicating mixed momentum.
