Ah, the illustrious Bitcoin, that fickle danseur of the financial stage, pirouettes ever closer to the formidable wall of resistance at $110,800! 🎭✨ Will it soar like a phoenix or crumble like a poorly baked croissant? Let us consult the tea leaves… er, charts.
A curious ascending triangle emerges, as if the market itself debates its next move over a bottle of Bordeaux. 🍷 A pattern, they say, that heralds continuation-should it deign to confirm itself, of course.
Bitcoin’s Tragi-Comedy Near Resistance
Behold, the daily chart from Rekt Capital-a rising trendline! A flat resistance! A triangle! How thrilling! 🎢 The asset, ever the drama queen, flaunts higher lows like a suitor showing off trinkets. Demand? Steady. Patience? Thin.
Our seer of the markets, Rekt Capital, declares:
“A daily close above ~$110.8K, followed by a coy retest of the pattern’s peak, shall confirm this farce of a breakout!”
Support lingers at $107,000 like a jilted lover, while resistance looms at $114,420-$123,500’s ghost haunts still. BTC teases the 21-week EMA ($111K), as if to say, “Shall we dance?” 💃🕺
Price: The Middle Child of Valuation
Gandalfcrypto, the wizard of the digital realm, conjures: BTC trades 10% above the “non-bubble fair value” ($99,900). A bargain? Hardly. They whisper:
“True euphoria begins when BTC breaches $149K and waltzes into the bubble zone ($290K+)!”
For now, the market naps in mediocrity, neither bubble nor crash. How dull! 🥱
Liquidity clusters, per Ted, lurk above and below. Should momentum falter, $104K-$106K awaits like a bear trap in Versailles. 🐻💸 Short-term holders panic at $113,250; long-term sages bought at $36,910 and sip champagne, unbothered. 🥂
Yet broader forces conspire! The US government tiptoes toward reopening; trade tariffs loom like a Shakespearean subplot. CPI data drops today-higher inflation? A Fed rate cut? BTC might yet stage a coup. 🔥📈
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2025-10-24 18:34