Bitcoin Price Forecast: Trump’s Truth Social Applies for BTC ETF – How Soon Could BTC Reach $200,000?

On Friday, Bitcoin rebounded, surpassing $103,900 as Trump Media and Technology Group revealed an ambitious foray into the cryptocurrency markets. The company, established by former President Donald Trump, submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF branded under Truth Social.

BREAKING: President Trump’s Truth Social has filed an S-1 form for their Bitcoin ETF pic.twitter.com/OSlwAYZbln

— Bitcoin Magazine (@BitcoinMagazine) June 5, 2025

If this initiative receives approval, it would grant mainstream investors access to BTC through publicly traded shares, potentially paving the way for wider retail adoption.

The ETF will be listed on NYSE Arca and will hold bitcoin directly, as opposed to utilizing derivatives or leverage. Yorkville America Digital, based in Florida and specializing in digital asset strategies, is backing the fund, while Crypto.com will act as custodian and liquidity provider.

Essential details include:

• Ticker: To be announced
• Structure: Physically backed, passive trust
• Redemptions: Initially cash-only, with the possibility of in-kind BTC redemptions
• Units: Shares issued/redeemed in blocks of 10,000 (“Baskets”)

This filing represents an unusual convergence of cryptocurrency, politics, and Wall Street, bringing Bitcoin back into the spotlight. Some perceive regulatory risks due to the political affiliation, while others argue it bolsters legitimacy.

Bitcoin Recovers but Encounters Wedge Resistance

From a technical perspective, the Bitcoin price forecast remains pessimistic as long as it stays below the $106,000 threshold. BTC is in recovery mode after dipping to $100,519 earlier this week. It has since rallied over 3%, reaching $103,981, as bulls test a crucial resistance level following a decline from a symmetrical triangle pattern.

The drop was rapid, spurred by high volume and a long-bodied bearish candle. Nevertheless, dip buyers demonstrated strength at the $100.5K level, forming a bullish engulfing candle and elevating BTC above the 50-period EMA at $104,358.

Bitcoin price chart – Source: Tradingview

Technically, BTC continues to face significant resistance:

• Horizontal zone: $104,547 to $106,308
• 200 EMA: $106,308
• Wedge base: A key trendline turned resistance

Momentum indicators, such as the MACD, have turned bullish, indicating potential continuation; however, confirmation above $104,600 is crucial.

Can Bitcoin Achieve $200K?

With increasing institutional interest and now a connection to Trump-related political exposure, the discussion surrounding a six-figure Bitcoin is reigniting. BTC’s previous peak of nearly $69,000 was largely fueled by institutional FOMO and ETF speculation.

The Truth Social ETF, if it gains approval, could spark similar dynamics—but with even more political visibility.

For BTC to hit $200K, it requires:

• Sustained ETF inflows
• Global liquidity support
• Breakout above $110K macro resistance

Trade Idea: A surge above $104,600 could warrant a long entry at $104,800, aiming for a target of $106,300–$107,600.

Stop-loss: $103,100.

If BTC can reclaim the wedge structure and maintain levels above the 200 EMA, mid-term bulls could aim for levels beyond $110K, setting the stage for the $200K discussion to gain substantial momentum.

Bitcoin Hyper Presale Reaches $552K—Layer 2 Receives a Meme-Sized Upgrade

Bitcoin Hyper ($HYPER) is gaining traction as the first Bitcoin-native Layer 2, merging speed, scalability, and meme culture. Designed to address Bitcoin’s major shortcomings—slow transactions and high fees—it utilizes the Solana Virtual Machine (SVM) to deliver rapid, low-cost smart contracts to the BTC ecosystem.

With over $552,000 already raised, early investors are making significant bets on its combination of technological innovation and meme appeal.

Core Features That Differentiate It

What sets Bitcoin Hyper apart? It’s the sole Bitcoin-based Layer 2 that fuses the speed of SVM with the security of BTC’s foundational layer. The Canonical Bridge facilitates seamless BTC transfers, and low-cost gas fees combined with high-speed execution empower dApps, meme coins, payments, and more. Audited by Consult, it’s engineered for speed, trust, and scalability.

Staking Rewards and Utility

$HYPER is more than just a token; it fuels the ecosystem. Users can stake it for high APY rewards after launch, utilize it for gas fees, and access premium decentralized applications (dApps). Additionally, active holders can receive bonuses through governance and early adoption programs. This represents real utility packaged in a meme-friendly format.

Presale Now Active—Don’t Miss the Price Increase

The public presale is currently underway, with 1 $HYPER priced at $0.011775. Over 90% of the funding target has already been achieved. Early purchasers secure the price at this level before the next tier is launched. Buy using crypto or card; if you don’t have a wallet, no worries. Web3Payments is integrated for a smooth checkout experience.

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