Will Bitcoin‘s Bull Run Continue? 🤔
Another week, another chance for the bulls to show off their dominance. Or, as I like to call it, another week of people losing their shirts on Bitcoin. 😂
BTC/USD: The Never-Ending Story
The price of Bitcoin (BTC) has managed to rise by 3.12% over the last 24 hours. Because, of course, it has. It’s not like it’s a Ponzi scheme or anything. 🤑
On the hourly chart, the rate of BTC is about to test the local resistance of $87,898. Because, you know, resistance is just a fancy way of saying “we don’t want to go there.” 🚫
On the bigger time frame, one should focus on the candle’s closure in terms of the $86,990 level. Because, you know, a candle in the wind is just like a Bitcoin price prediction – unpredictable. 🌬️
If the daily bar closes above it and with no long wick, the accumulated energy might be enough for a test of the $90,000-$92,000 area. Or, you know, it might just collapse like a house of cards. 📉
From the midterm point of view, the price of the main crypto is rising after the previous bullish candle’s closure. But don’t get too excited, folks. This is just a temporary reprieve before the inevitable crash. 🎉
Bitcoin is trading at $87,814 at press time. Because, of course, it is. It’s not like it’s a bubble waiting to burst or anything. 🎈
And so, the game continues. Will Bitcoin’s bull run continue? Only time (and a healthy dose of skepticism) will tell. 🕰️
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2025-03-24 18:58