On the seventeenth of August, in the year of our Lord 2025, behold the spectacle! Bitcoin, that modern enigma, stood thus: its worth lay at $118,351. Its market’s very soul, a grand capitalization of $2.356 trillion. Oh, and the rhythmic dance it performed on the trading floor with a cadence of $20.09 billion a day or so, gyrating slight from $117,279 to $118,445, all the while whispering promises of calm after the storm!
Bitcoin
Like a protagonist in a novel penned by the likes of our dear Fyodor, bitcoin charts revealed a tale of great ascension to $124,517, only to plummet sharply, seeking solace near $118,000 once more. The support holds-a steadfast bastion between $117,000 and $118,000. Yet, the volume now speaks in hushed tones, betraying a crisis of faith among its buyers. A breakout above $119,000 with true fervor could herald an ascent towards $121,000 to $122,500; yet should it falter below $116,500, oh, then we might glimpse the bearish beast beginning its ruthless march once again.
In the tapestry of the four-hour chart, our protagonist teeters in its angst, rising from the dark pit of $116,856 as though daring itself to dream once more. Yet behold, the greater lows shed a faint shimmer of optimism, a faint clasp on reality, amid the tumultuous crimson waves of the past. Hovers, it does, beneath the illustrious $119,000, the buying momentum but a weak flame under a vegetable broth, suggesting nothing yet willing to burst forth in explosions.
Oh, to observe the one-hour chart of bitcoin is like watching the internal tumult of Hamlet’s soul-floundering betwixt $117,800 and $118,600; a recovery from the cavernous $117,252, only dolefully to find itself adrift again in choppy waters. The volume hath slackened, boding an imminent tempest of trading fates. Pray, a decisive thrust above $118,600? Then hark! A quest towards $119,500 may commence; yet shun we not the gloom below $117,800, and our jaunt to $116,500 may well become a journey rather unfortunate.
Indulge, dear reader, in the thoughts whispered by the so-called oscillators, those relentless sages of the market. RSI is neutral at 53, a state of indecision personified, with Stochastic, CCI, ADX, and the Amazing oscillator joining in chorus. Yet the momentum at 873 and the MACD at 906 proclaim, cryptically, the lackadaisical strength of the spirit. Indeed, the oscillators hum in agreement, painting a portrait of consolidation, much in the style of our winter night-a congress of motives untethered.
Moving averages, in their wisdom, do present a glimmer-their very essence tinged with optimism. This ballet of numbers: exponential moving averages from periods 10 to 200, ardently signal bullish vanguards, all the while simpler moving companions are beset by a diffidence, revealing the snaking uncertainty amidst a garland of hope. As long as bitcoin does not fall prostrate below the stately floors of the 200 periods-$102,850 (EMA) and $100,297 (SMA)-the grand ascendancy may yet find its path.
Bull Verdict:
Should the noble bitcoin hold its ground gracefully above the line at $117,500 and venture forthwith beyond $119,000-$119,500 with vigor renewed, then verily may it soar like Icarus toward the sunlit realms of $121,000-$122,500 in the space of a breath. The ancient guidance of longer-term moving averages assures us this consolidation is naught but the calm before another most glorious crusade.
Bear Verdict:
Alas, the fall from grace might begin with displeasure shown toward the $117,000 bastion, and a brazen passage beneath $116,500 would no doubt incite the bears with a vengeance, setting the stage to $114,615, and perchance, to the woeful depths of $111,919. For, amid the oscillators’ lamentations and the foreboding shadows of momentum and MACD, the specter of bearish continuation is not unfounded.
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2025-08-17 16:28