Bitcoin is currently priced at $112,686 (because $113k was too mainstream), with a market cap of $2.24 trillion-AKA more money than all the avocado toast in the world. Trading volume? $51.67 billion. Volatility? Off the charts. Technical signals? Let’s just say it’s having an identity crisis. 📉💸
Bitcoin (The Drama Queen)
Bitcoin’s daily chart looks like a soap opera. After peaking near $117,968 (its “glory days”), it threw a tantrum, dropping to $111,986-$113,000. Bearish engulfing candle? More like a bear hug from your ex. 🐻💔
Pro tip: If you’re into masochism, wait for “support confirmation” before buying. Target range? $116k-$117.5k. Stop loss? $111k. Because nothing says “confidence” like gambling your life savings. 🎯
4-hour chart: Bitcoin dropped from $117,968 to $111,986 faster than my willpower during a sale. Volume spiked-probably Grandma panic-selling. Short-term trend? Bearish. But hey, the last 4 candles “suggest stabilization.” Translation: Maybe don’t jump off the cliff yet. 🐻➡️🐻
1-hour chart: Bitcoin’s micro downtrend is stuck between $112,500 and $113k. Volume surged to $111,986-classic “capitulation candle.” If it breaks $113.3k, buy! Targets: $114.5k-$115k. Stop loss: $112k. Because why not? 🚀
Oscillators? Neutral. RSI at 44-aka “meh.” MACD? Bearish. ADX? 17-so weak it can’t even. Conclusion: Bitcoin’s indecisive AF. Like choosing between Netflix and actual human interaction. 📊🤷♂️
Moving averages? Short-term EMAs are bearish (exes haunting you). 100-period EMA at $111,882 is bullish. Long-term? Still up. Short-term? Down. Bitcoin’s life is a telenovela. 📺
Bull Verdict:
Bitcoin’s “structural bullishness” says buy the dip. If it breaks $113.5k, we’re back to $117.5k. Because crypto loves a good comeback story. 🌈
Bear Verdict:
If Bitcoin breaks $112k, it’s a freefall. Retracements incoming! Like my diet after Day 1. 🧵
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2025-09-22 16:39