Bitcoin’s Wild Ride

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Oh, darling! 🤑 The chart, you see, is simply divine! Bitcoin‘s price action is climbing within a long-term ascending channel, and it’s currently trading around $122K, brushing up against the midline of that channel. How terribly thrilling! 😍 Dave’s model suggests a steady grind higher into late 2025, with the upper bound pointing toward that $170K target. How delightfully optimistic! 🙄

But, of course, Dave calls this the lowball scenario. In a “manic, overheated” market – think retail FOMO, ETF inflows, and your Uber driver giving you altcoin tips 📚 – the price could rip well beyond that. The channel’s top edge even hints at the possibility of $200K+! Good heavens! 😲

A conservative Bitcoin technical target of $170,000 in 2025, source: X

Bottom line, sweetie: If Bitcoin holds this structure and momentum, the technicals support six figures as the new normal, not just a blow-off top. Whether we get the “conservative” $170K or the frothy moonshot depends entirely on how crazy the crowd gets. If you don’t already own Bitcoin, now could be the right time to buy Bitcoin before the price starts going exponential. After all, one wouldn’t want to be left behind, darling! 😉

Bitcoin is approaching a new all-time high above $123,000, source: Bitcoin Liquid Index

And do remember, the team at Bitwise has predicted $200,000 as their Bitcoin price target for 2025. It’s looking more and more likely. How simply spiffing! 🎉

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2025-08-13 23:35