Trump’s Bitcoin Whitepaper Reveal Was a Hoax — Could BTC Plunge Below $85,800?

A viral video recently claimed that President Donald Trump unveiled the Bitcoin Whitepaper in the Oval Office. This has sparked debates on crypto regulation. However, this claim is entirely false. The video was digitally manipulated and spread rapidly online, misleading many. Despite Trump’s past criticism of Bitcoin, his involvement in NFT projects has kept the crypto community curious about his stance. This incident highlights the power of misinformation in the crypto space. While the video didn’t impact Bitcoin’s price directly, traders remain cautious as regulatory discussions shape the market. Bitcoin price prediction remains tied to policy changes. 

Fake Bitcoin Whitepaper Rumor Sparks Debate

A recently circulated clip falsely showed that Donald Trump publicly revealed the Bitcoin Whitepaper in the Oval Office. The footage quickly went viral, was later confirmed to be manipulated. Despite being fake it fueled speculation about Trump’s evolving stance on crypto regulation and digital assets. While Trump has previously dismissed Bitcoin as a “scam”, his involvement in NFT ventures suggests a more nuanced position. 

This hoax reignited discussions on how political figures influence market sentiment. Misinformation in the crypto world can spread rapidly, often shaping narratives that impact investor behavior. The incident also raises concerns about media manipulation and its effect on crypto markets. However, this video did not significantly impact BTC’s price. It’s a reminder of how bogus news may cause instability. Bitcoin price prediction remains centered on market fundamentals, with regulatory actions influencing future trends.

BTC Struggles Below $87,728 as Bearish Signals Dominate

The trading day of March 27th started with an upward trend, fueled by the previous day’s golden cross. An overbought RSI at 1:00 UTC pushed prices higher, but a death cross at 2:55 UTC signaled the arrival of bearish pressure. Another death cross at 10:35 UTC intensified the downward move, with sellers gaining control. The price declined, hitting oversold RSI levels at 11:25 UTC, 11:45 UTC, and 13:35 UTC before reaching support at $85,800.88. A golden cross on the MACD at 14:00 UTC triggered a bullish push, causing a sharp upward move. 

Chart 1, analyzed by ShwetaCW, published on TradingView, March 28, 2025

As illustrated in Chart 1, a death cross at 15:35 UTC limited gains, leading to sideways price action. At 21:30 UTC, another overbought RSI resulted in strong resistance at $87,728.70. A death cross at 22:05 UTC caused the price to drop, leading into March 28th. A golden cross at 00:35 UTC suggested slight bullish momentum, but a death cross at 2:00 UTC reintroduced selling pressure. The price fell sharply after an oversold RSI at 4:50 UTC, approaching support once again. According to Bitcoin price prediction, a breakdown below $85,800.88 could signal further losses, while a trend reversal could see BTC retesting $87,728.70 resistance.

Fake Bitcoin Whitepaper Video & Market Impact: What’s Next for BTC?

The fake video of Donald Trump unveiling the Bitcoin Whitepaper may not have directly impacted Bitcoin’s price. Yet it shows the growing effect of misinformation in the crypto sector. False narratives can trigger FUD (fear, uncertainty, and doubt), affecting market sentiment. As discussions around crypto regulation continue, traders must stay cautious of misleading content that could sway short-term price movements. For Bitcoin price prediction, the market remains uncertain. If bearish pressure continues, Bitcoin could break the $85,800.88 support level. However, a trend reversal could push the price back toward the $87,728.70 resistance, shaping the next price move.