🌊 Is Bitcoin’s Rollercoaster Finally Coasting? Analysts Debate!

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Well, isn’t this just the coin saga of our lifetimes! Bitcoin’s gallant escape from its plunge below $81,000 was oh-so-promising at first, only to hit a wall rather like a particularly stubborn novel. Now, the wise `cryptowise` of the land are whispering (or shouting, depending on their caffeine levels) about whether this is truly the bottom or if it’s more of a cliff edge with views.

A Santiment analyst, on Wednesday, declared over tea that social media was as bearish as a drowned bear in a hailstorm, with various folks declaring it a bear market open house. But, as old Granny Pratchett would say, markets tend to dance to their own waltz tunes-often spinning the opposite way of what everyone screams from the rooftops.

Also, in the bleak world of Bitcoin metrics, both the 30-day and 365-day MVRV ratios are as sour as old lemonade left out in the sun, reminding us that traders are gripping onto their losses like it’s the last slice of pie at the fair.

Whale Wisdom and Selling Pressure

Derivatives gamblers have hoisted their bets again, expecting BTC to stoop lower, though not quite reaching the frenzied ruckus of mid-October. Meanwhile, several omens of caution, like reduced network activity and active players, linger ominously.

Dear old crypto oracles at CryptoQuant have confirmed that Bitcoin whales, those mysterious marine creatures with hefty wallets, have been sloughing off their hoards for six weeks (and counting) after their feasting began way back in October.

The sceptical analyst offered a glimmer of hope for a short-lived bounce but humorously doubted Bitcoin’s cocktail can top six figures as easily as a magician pulls a rabbit from a hat if the whales keep their wallets open.

“Overall, the most likely scenario is a short-term bounce. Seeing Bitcoin leap up above $90K again wouldn’t be as shocking as a platypus at a tea party.”

After a distressing nosedive to $80K, Bitcoin’s latest rebound to $88K has everyone asking: “Was last week’s bottom the buying bargain of the century?” Let’s ponder this conundrum in our latest whimsical wandering.

– Santiment (@santimentfeed)

Aself-proclaimed ‘cryptic seer’ by the name of Brett poured wisdom like fine ale into the debate, noting that Bitcoin couldn’t reach new lofty heights after skittling over the 50-week barrier, unless it gambled on kissing the 200-week rosy-cheeked first.

“The 50-week glider has been crossed, but the 100-week keeps us all from losing our balance. If that crumbles, well, the 200-week beckons from $56,000, casting an eerie shadow,” they shared, a touch of drama transporting their words.

The portent of such a journey is as gloomy as a sky full of troll custard-the market forecast isn’t calling for sun tomorrow.

Recovery: A Sluggish Affair

Our dear Bitcoin managed a jaunt up to $89,000, but, as Swissblock analysts sagely noted, its momentum still resembles a quiet nap more than a rousing sprint. It all stays depressingly as etch-a-sketch sticky as late-stage capitulation, they mused.

“Until this dealing dragon changes its dance, these bounces are merely tactical sidesteps.”

An analyst named James Check chimed in with a pretty picture-“more leverage to clear out,” he says, suggesting Bitcoin might wobble down to the $70,000 to $80,000 crooning ground “to shake out the final leveraged fluff.”

At the time of writing, it seems Bitcoin has mastered the art of a sideswipe, failing to rise above $88,000 and instead grouping lazily around $87,500, like lawn ornaments after a party.

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2025-11-26 10:06