Ah, dear reader! Gather ’round as we delve into the curious case of our beloved Bitcoin, the digital gold that has captured the hearts and wallets of many. Our gallant crypto analyst, Captain Faibik, has donned his finest hat and proclaimed that the Bitcoin top is in! Yes, indeed! A massive crash is looming on the horizon, and the price may plummet below the sacred threshold of $100,000, perhaps even reaching the depths of $92,000! 😱
Why The Bitcoin Top Is In
In a rather dramatic post on X, Captain Faibik has revealed that Bitcoin is exhibiting a most alarming Relative Strength Index (RSI) Bearish divergence on the weekly chart. It appears that our dear BTC has reached its zenith and is now poised for a grand correction, aiming for the $92,000 to $94,000 range. Just as it bottomed out in November 2022, it seems it has now decided to top out! How poetic! 🎭
His accompanying chart, a veritable work of art, suggests that Bitcoin has formed a double top formation after achieving a new all-time high (ATH) earlier this year, only to repeat this feat last month. The RSI, that fickle friend, indicates that our flagship crypto is overbought, further solidifying the case for an impending crash. Oh, the drama! 🎢
Captain Faibik’s insights resonate with the wise words of veteran trader Peter Brandt, who recently shared a chart and pondered whether we are witnessing a repeat of November 2021 for our dear Bitcoin. Ah, the nostalgia! Back then, the flagship crypto also formed a double top formation, much like the one it has just conjured following the May rally to a new ATH. History, it seems, has a way of repeating itself! 📜
Meanwhile, the ever-cautious crypto analyst Kevin Capital continues to sound the alarm bells, urging market participants to tread carefully amidst the current Bitcoin price action. He warns that investors must remain vigilant as long as our beloved crypto lingers below $106,800 on 3-day and weekly closes. A wise man indeed! 🧐
BTC Not Done Yet In This Market Cycle
In another twist of fate, crypto analyst Titan of Crypto has declared that the Bitcoin top is not yet in! He believes that our flagship crypto could still soar to a new ATH before it finally decides to rest. The BTC bull market, he asserts, is entering its final phase, reminiscent of previous cycles where a year of bear market is followed by three glorious years of expansion. How thrilling! 🎉
According to Titan of Crypto, BTC is in its final leg, but fear not, for it is not finished yet! His chart suggests that Bitcoin could still rally to a staggering $170,000 in this last leg of the bull run. This target is expected to be reached between now and year-end, after which it may plunge into another bear market. What a rollercoaster ride! 🎢
As of this very moment, the Bitcoin price hovers around $105,000, having taken a slight dip in the last 24 hours, according to the ever-reliable CoinMarketCap. Hold onto your hats, dear friends! The crypto world is as unpredictable as a cat on a hot tin roof! 🐱👤
Read More
- Masters Toronto 2025: Everything You Need to Know
- We Loved Both of These Classic Sci-Fi Films (But They’re Pretty Much the Same Movie)
- ‘The budget card to beat right now’ — Radeon RX 9060 XT reviews are in, and it looks like a win for AMD
- Forza Horizon 5 Update Available Now, Includes Several PS5-Specific Fixes
- Street Fighter 6 Game-Key Card on Switch 2 is Considered to be a Digital Copy by Capcom
- Valorant Champions 2025: Paris Set to Host Esports’ Premier Event Across Two Iconic Venues
- Gold Rate Forecast
- The Lowdown on Labubu: What to Know About the Viral Toy
- Karate Kid: Legends Hits Important Global Box Office Milestone, Showing Promise Despite 59% RT Score
- Mario Kart World Sold More Than 780,000 Physical Copies in Japan in First Three Days
2025-06-20 01:18