Will Bitcoin Break Its Own Record or Just Keep Making You Rich (or Not)?

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Bitcoin‘s Rollercoaster: Up, Down, and Maybe a Little Anyway 🚀💸

Bitcoin has decided to do a little dance, starting a fresh increase and shimmying past the $105,500 line. Now it’s chilling, possibly eyeing a cheeky jump to $108,000, or perhaps just twirling in place — who can say? All the while, it’s consolidating like a kid with a sugar rush, dreaming of higher highs and lower lows.

  • Our brave hero, Bitcoin, launched a new ascent from the $102,500 support zone, presumably auditioning for a high jump competition.
  • Currently frolicking above $103,500 and the 100-hour Simple Moving Average — because what’s more exciting than sleepy financial indicators?
  • A key bullish trend line is forming support at $104,200 — it’s like that friend who always has your back, but only when the market isn’t crashing.
  • If Bitcoin can only push through the mythical $106,000 resistance, things might get really interesting. Or just mildly exciting. Either way, stay tuned.

Bitcoin is Playing the Gains Game 🎯

After bouncing off the $102,500 support, Bitcoin put on its big boy pants and cleared the $103,500 resistance effortlessly — or at least with a lot of effort, depending on who you ask. It then shoved the price above $104,200, doing its best impression of a rising phoenix (minus the fire and dramatic ashes).

Next stop? Pumping above $105,000 and high-fiving at $107,042 — a high enough to make even the most confident trader say “Oops, maybe I should have sold earlier.” Now, it’s giving back some gains, dipping slightly below $105,500, but hey — that’s just trading’s way of saying “Surprise!”

The scene remains stable above $104,000 (mostly because nobody knows what could possibly go wrong). The chart shows support at $104,200, just in case Bitcoin gets overly ambitious.

Bitcoin Chart showing bullish trend

Looking ahead, resistance levels are sitting pretty at $105,500 and $106,000. The real prize? Clearing $107,500 — which might just send Bitcoin on a journey to test $108,800, then maybe even the fabled $110,000 level, which is way more impressive on a chart than in real life.

Or Will It Just Do the Opposite? 🚧

If Bitcoin decides to throw a temper tantrum and won’t climb past $105,500, then brace yourself for what comes next: a correction. The immediate support? You’ve got $104,500 — where Bitcoin might just pull over for a quick breather. Support levels further down include $104,200, and if that’s not enough, there’s the trusty $103,500 zone.

Should it stumble even lower, the next stop could be $102,200, with the main support at a comforting $100,500 — because everyone loves a round number. But beware: below that, Bitcoin might just decide to go all bearish on us, which is a fancy way of saying “Time to panic.”

Technical Nonsense You Might Want to Know

  • The Hourly MACD is losing steam — like a kid running out of juice after chasing his dog.
  • The RSI is above 50, meaning Bitcoin’s feeling pretty confident… for now.
  • Support levels: $104,200 and $103,500. Resistance levels: $105,500 and $106,000 — because numbers are fun.

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2025-05-19 05:48