Bitcoin’s Wild Ride: Will It Soar or Crash Like a Drunk Steamboat Pilot? 🚢💸

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Observations from a Bewildered Spectator

Will BTC Go Up in Q4 or Just Continue Its Impersonation of a Yo-Yo?

Now, these so-called “analysts” – a fancy word for folks who guess for a living – reckon BTC might make one last drunken stumble upwards in Q4, provided it doesn’t trip over its own feet at $107K.

What’ll Make It Rally Next? Maybe a Magic Bean?

Apparently, if enough rich folks in fancy suits throw money at it through these ETF contraptions, the price might stop looking like a sick man’s temperature chart.

Bitcoin [BTC] has gone and lost all its September winnings faster than a riverboat gambler on payday, sliding down to $108K – that’s 7% less than its monthly high of $117.9K.

From its record high of $124.4K (which folks were crowing about like roosters at sunrise), it’s down about 12% now, making all the chicken littles squawk about the sky falling again.

But them Swissblock fellas – who I suspect might be drinking the same water as their cuckoo clocks – insist BTC’s still got some fight left. They’re betting on one last hurrah in Q4.

“Despite wobbling near $107.3K like a newborn colt, the whole contraption’s still standing. Bitcoin looks like it’s fixing to make one last run at the saloon before closing time.”

According to their fancy Swiss watch of a model, the “high risk” alarm went off in July, mid-August, and mid-September – about as reliable as a weathervane in a tornado.

Right now though, the darn thing’s showing “low risk,” which either means it’s about to go up or the machine’s busted. Place your bets, ladies and gents!

Will These ETF Thingamajigs Give BTC a Boost or Just More Hot Air?

Meanwhile, the price momentum’s about as lively as a dead cat on a porch, even with BTC clinging to $108K like a drunk to a lamppost. Them Swissblock boys say the long-term holders are selling like it’s a fire sale.

They reckon if these ETF contraptions can swallow up all them LTH sales without choking, the price might stop looking like a sinking steamboat.

Bad news though – seems folks are losing their taste for these ETF potions. They leaked $367 million on September 22nd, and by Friday, the dam burst wide open to $418 million! Weekly losses totaled $902.5 million – enough to make a banker faint into his brandy.

If this bleeding keeps up, Bitcoin might limp through the end of Q3 like a three-legged dog. But hold your horses! Q4’s historically been BTC’s time to shine, averaging 85% returns – or so they claim. Past performance being about as reliable as a politician’s promise, of course.

Where’s BTC Headed Next? Your Guess Is As Good As Mine

So, will BTC stay above $109K, which also happens to be what them short-term holders paid? Your guess is as good as the fortune teller’s down at the county fair.

On them price charts (which look about as comprehensible as Egyptian hieroglyphics to your humble narrator), the $107.5K-$109.7K zone’s been important this quarter. Lose that, and we might be looking at $105K or even $100K – numbers that’ll make grown men weep into their whiskey.

But before that happens, this OBV doodad (On Balance Volume, whatever that means) needs to break its support line. If it holds, we might see a rebound – especially if BTC can close above $112K like a saloon door at last call. In that happy event, $114K and $118K will be the next stops on this crazy train.

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2025-09-27 12:23