Scandalous Fortunes: Bitcoin Rockets Past $112K—Shall It Dance to $130K Next?

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Reader, I confess myself quite overcome; the fabled Bitcoin (BTC), that eccentric suitor of modern fortunes, has at last vaulted over the extraordinary sum of $112,000. Such a scene could not long be denied us, for it had been spoken of at every tea table and in every drawing room from here to Pemberley. Presently, however, the price lingers—like an eligible bachelor surveying the room—forming what the learned men deem a “continuation pattern.” Pray, is this restless energy a prelude to even greater commotion? The suspense is most indecorous. 💰

$BTC makes new high

It was precisely at 18:00 GMT upon a Wednesday, a time when nothing delightful ever happens, that the coin broke its shackles. The advance—a genteel 2.68%, nearly $3,000—allowed the buoyant bulls to propel themselves over the last all-time high. A new summit, dearest reader! What an embarrassment of riches for the so-called king of cryptocurrencies. If only Lady Catherine might have lived to see the day—she would have declared it most improper. 👑

Pennant forms on hourly time frame

Upon vanquishing the trifling, downward trendline (which no doubt thought itself quite superior), the price arrowed upward with the determination of a young woman denied a dance. Observe, if you please, the hourly chart—compressed as a London ballroom on Easter Monday—where a pennant shape emerges. Scandalous! The price has broken free to the upside, though one can only hope this exuberance proves lasting. Should the pattern fulfil its promise, we may yet see the price waltz toward $114,000. How provoking. 💃

$BTC heading higher after testing breakout?

Gazing through the slightly less myopic lens of the 4-hour chart, it appears the price briefly tripped below the 0.236 Fibonacci level (the shallowest cousin in that numerically distinguished family), before bouncing back—rather like an ingenue swept off her feet at the ball. The breakout appears to have withstood the ultimate test, but some old biddies (otherwise known as indicators) now declare it overbought. Yet, with all the drama of a gothic heroine, the price may continue to ascend fueled by headstrong momentum.

Can $BTC climb above $130,000 next?

Turning to the grand vista: the weekly time frame, nothing is amiss; indeed, the breakout quite surpasses itself. According to the bull flag’s most extravagant calculations, the price might gallop wildly beyond $130,000—provided there are no offended relations in the way. 😉

Meanwhile, the MACD at the base of the chart displays its two lines with such agreeable separation and enthusiasm they might be cousins at a summer picnic—both pointed resolutely upward, quite unlike anyone after reading Sir William’s poetry. The green histogram bars, not to be outdone, increase in stature like an eligible fortune. And the Stochastic RSI? Why, its indicator lines flirt with the topmost level without the slightest notion of decorum, suggesting bullish spirits refuse to be dampened. One can only hope no carriage wheels fall off at the last moment! 🚀

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2025-07-10 12:09