Ah, the eternal dance of Bitcoin! On February 28, it shot up to a glorious $85,000, making traders whisper sweet nothings about a potential bottom. But wait—hold your applause, for the drama isn’t over yet. The mighty BTC failed to hold a higher high candle for the daily close, and like a soap opera, the plot thickens. 🤷♂️
According to TRDR.io, when Bitcoin plummeted to a 2025 low of $78,300, Coinbase played the hero with a strong spot bid. Yet, the real cliffhanger lies ahead—will the bulls muster up enough power to keep this momentum afloat? Or are we staring at the abyss? 🧐
Crypto sage Magus, ever the soothsayer, has proposed a dull yet inevitable fate for Bitcoin: range building. Yes, you read that right—expect the coin to shuffle between $72,000 and $85,000 for weeks, like a hamster on a wheel. 🐹
Magus, sharing his mystical chart on X, claimed:
“Expecting BTC to build a range like this now.”
And then there’s Horse, the trader who doubles as a fortune teller. Horse foresees Bitcoin returns sliding into the weekend like a slow-moving trainwreck, thanks to President Trump’s unpredictable musings. Hold onto your hats, folks—tradfi is bracing for the chaos before Sunday’s futures open. 🐴
“I’m guessing that BTC returns over the weekends will continue to go more negative than they already are, as tradfi uses it to hedge for anything Trump says before Sunday futs open.”
But don’t fret too much, dear reader. The 29% drawdown from Bitcoin’s all-time high of $110,000 isn’t a catastrophe—it’s just another typical hiccup in a Bitcoin bull market. As crypto trader ‘intern’ reminds us, these 30% corrections are like a discount sale for savvy buyers. 🛍️ History tells us these dips are the perfect moment to load up. Why wait for the moon when you can get in at a bargain? 🚀
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2025-03-01 05:49