- Bitcoin crawled up like a shabby hero on a shabby street, fueled by a thirsty crowd’s endless desire.
- The liquidation map — a grim forecast — whispered that near $91k, the beast might suddenly shatter.
Bitcoin [BTC], that wild horse of the market, nibbled its way higher, dragging stubborn feet over a month-long downward slope, clawing back 4.5% in just three sunrises.
The dollar, that old titan, stumbled and gasped – its strength fading like a drunken poet’s last verse — the U.S. Dollar Index (DXY) hitting a nadir unseen since 2022. In its wake, bitcoin prices dared to creep upward.
Some chatter said investors scurried to gold — that gleaming idol — for safety. It’s reaching peaks so high birds must wear goggles. But Bitcoin? That restless nomad does not wear such reliable armor.
The crypto’s recent descent synced mournfully with the dollar’s fall for three long months, and a brief rally in the last ten days didn’t promise sanctuary—more like a temporary oasis in a desert of doubt.
The grand Texas lawmakers plan a curious stunt on April 23rd: stuffing $500 million of their coffers with Bitcoin. The Lone Star State might become the cryptic pioneer to balance sheets with digital gold—if fate allows.
Technical mumbo-jumbo reveals BTC bulls cooking up some chaos
That stubborn white line, the trendline resistance, flipped like a janitor’s mop from foe to friend on Sunday, April 20th. A breakout? Oh yes, as sure as a street vendor flipping pancakes.
The OBV indicator, like a cheery dog wagging its tail, showed relentless buying — the crowd was hungry.
A daily close above $87.5k would paint a bullish portrait, hinting that this long drama could turn into a happier sequel. The RSI stood at 59 — not quite a roar, but a promising growl of momentum.
Yet, the $92k wall loomed—the cursed price where bulls might find their horns clipped. Resistance, as cruel and reliable as the fate of a tragic hero.
Interestingly, while Bitcoin was tiptoeing upwards, the Dow Jones tumbled a savage 1000 points on Monday. Crypto seemed to shrug and wave goodbye to tradition—like a rebellious teenager sneaking out past curfew.
But beware! Swing traders were girding their loins, for volatility was that tricky mistress promising drama and possible heartbreak.
The three-month liquidation heatmap was a grim carnival fortune teller, hinting at a possible bearish reckoning between $89.2k and $91k. The price, like a lowly servant, always dances to where liquidity calls.
The liquidity pocket up to $91k bulged with short liquidations since March 23rd — a sticky trap for the unwary.
Past $91k, the golden mirage of $100k beckoned, surrounded by layers of liquidation like snarling beasts. Beneath today’s battleground, the $82.7k support whispered promises of refuge.
Those reversal zones are like potholes in the road—bruising any hopes for a smooth ride upward. Traders must tighten their boots and pick their steps wisely as the price lumbers toward $91k.
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2025-04-23 00:13