The hours slip through the hands of the market like dark, rain-heavy clouds, and with each tick, Bitcoin stumbles, awkward as a poet in a ballroom, beneath the forbidding threshold of $103,000. If you listen closely, you might hear the digital ruble laughing.
- Once a soaring vision, Bitcoin now drifts listlessly below $103,000—like a Dostoyevsky hero out of rubles at the roulette table.
- Price squats below $102,500 and the 100 hourly Simple Moving Average. Even averages have standards.
- A stubborn bearish trend line looms at $101,250, as if painted by a bored bureaucrat in charge of hope.
- If Bitcoin remains above $100,000, maybe, just maybe, it gets to stick around. Life’s simple, isn’t it?
When Bitcoin Falls, Even the Candlesticks Mourn
The price, once a fevered horse galloping past $105,500, now crawls like a winter fly, slipping beneath $104,200 and $103,000, pausing only to wonder where its dignity went.
Support at $102,000 cracked like fragile ice in April. A low arrived at $98,277—a number only accountants and poets can love. Minor hope flickered above the 23.6% Fib retracement, but that spark was trampled beneath bearish boots, or maybe just a very heavy wallet.
Bears stand ready, brewing black tea, below the $101,200 resistance. At the moment, Bitcoin lounges under $102,000 and below that revered 100 hourly moving average; the bearish trend line at $101,250 is the closest thing this party has to a bouncer.
Should courage and buyers return, resistance waits near $101,250. Only by breaching $102,500—like a hero scaling the Kremlin wall—can BTC glance at $103,500, a number as cold and distant as a Russian winter sun.
Should the coin climb above $103,500, a miracle looms: hopes ascending to $105,000, and—dare we dream?—$106,200, a realm inhabited only by optimists and sleepwalkers.
Or Maybe It Just Gets Worse… 🤷♂️
Should upward ambition fizzle, another descent beckons. Immediate support, shivering at $100,150, stares into the familiar abyss. Below that, $98,500 stands like a battered frontier outpost.
If faith cracks there, $96,500 may greet the price like a frozen Volga—unforgiving and wide. Should morale drop below $95,000, even speculators may look wistfully at tulips instead.
Technical despair:
The hourly MACD, exhausted, tumbles on the carpet in the bearish zone.
RSI for BTC/USD sighs beneath the 50 level—perhaps it just wanted to stay home today.
Support—$100,150, then a collective candlelight vigil at $100,000.
Resistance—$101,250 (bring a friend) and $103,500 (bring hope and snacks).
And so, in this market drama, as tragic and absurd as any Chekhov play, we wait.
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2025-06-23 05:37