Key points:
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Bitcoin, that incorruptible digital phoenix, dares to dream of $100,000 as support-only to be mocked by the ghosts of 2023’s banking fiasco. 🏦💥
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Traders, clutching their pearls (and leveraged positions), whisper of “$98K-the final circle of crypto hell.” 🤡
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Gold, that antique chalice of barbarism, sips champagne at $1M while Bitcoin’s eulogy is drafted. 🥂
Bitcoin (BTC), once hailed as the unshackleable, plummeted to depths not seen since the summer of despair. The US banking sector, ever the reliable arsonist, lit its familiar pyre of panic, sending crypto faithful into psalms of lamentation.
Bitcoin risks “a pilgrimage to $98,000”-the valley of the shadow of margin calls
As CryptoMoon Markets Pro and TradingView charted BTC’s descent below $106,000, the specter of 2023’s banking collapse rose like a zombie in pinstripes. March 2023’s “contained” crisis? A mere dress rehearsal for this sequel. 🎭
“In March 2023, regional banks imploded, the world yawned, and nothing changed,” sneered The Kobeissi Letter, a Cassandra of crypto. “History repeats as farce, then tragedy. Again.”
Traders, ever the poets of panic, foretold of $100,000’s impending betrayal. One oracle, Borg, intoned:
If $BTC abandon this bastion, we march *straight* to $98,000.
Pray for paper hands. 🙏
– Borg (@Borg_Cryptos) October 17, 2025
Others, clinging to the Sisyphean hope of “wick-filling,” mused BTC might yet ascend to $102,000. “A futile rebellion,” retorted SuperBro. “The market is a cruel teacher.” 🎢
As moving averages crumbled like stale matzo, Ted Pillows, crypto’s resident Cassandra, sighed: “$108K is ash. The next oasis? $102K. Until then, chaos reigns.”
Reclaim $110K, and hope blooms anew. Fail, and the abyss awaits. 🌋
Gold bugs feast as Bitcoin’s funeral begins
Gold, that relic of pharaohs and goldbugs, scaled new peaks before retreating-like a cat toying with a dying mouse. Peter Schiff, high priest of analog wealth, cackled:
Gold will kiss $1M before Bitcoin licks my boots. 🥾
– Peter Schiff (@PeterSchiff) October 16, 2025
“Bitcoin failed its exam,” Schiff declared, a professor grading a doomed pupil. “Digital gold? A mirage. The dollar’s corpse rots, but Bitcoin’s a scavenger, not a king.”
Crypto traders, undeterred, plotted a “rotation” back to BTC. “Gold’s party ends soon,” vowed Jelle. “The market’s a fickle lover.” 💔
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2025-10-17 11:59