Bitcoin $88K Retest? Chaos, Hysteria, and a Dash of Hope 😒

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So Bitcoin’s gearing up for some big U.S. economic data this week, and the crypto crowd is squinting nervously, mumbling about “volatility.” Yeah, because nothing says fun like watching a rollercoaster you didn’t buy a ticket for. 🎱

  • Bitcoin pokes its head around $92,000 after a weekly close that had everyone whispering, “Ooh, maybe.” Still, some traders are waving their red flags, expecting a deeper dive. Typical.

  • We’ve got a buffet of U.S. macro data this week, and the Federal Reserve is sweating bullets from all directions. What a surprise.

  • The Fed’s apparently got its hands tied—like a magician forced to reveal the trick. Analysts say interest rates drop, liquidity floods in, and Bitcoin skyrockets to $180,000 in 18 months. Sure, and I’m Larry King.

  • Short-term Bitcoin holders are back “in the black.” Translation: Some folks are actually making money, but don’t get your hopes too high.

  • Sentiment’s “neutral,” which means nobody really knows what’s going on, but FOMO might keep prices from climbing too far. Classic crowd psychology: panic and greed dance the tango. 💃đŸ•ș

Bitcoin traders: Waiting, pacing, sweating

Bitcoin’s hanging out near multimonth highs, flirting with $92,000 after the weekly close. It’s like that friend who says “I’ll be there in 5 minutes” but shows up fashionably late.

The weekly close? Bullish, apparently. Data folks from CryptoMoon and TradingView nodded thoughtfully and said, “Yup, $93,500 is the magic number you want to remember.”

#BTC

Can Bitcoin do it?

Can Bitcoin Weekly Close above $93500 to start the process of regaining the previous Range?$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) April 27, 2025

Trader CrypNuevo is optimistic, predicting a third leg up to $97k because who doesn’t love a rollercoaster? He talks about a “4H50EMA retest” — sounds like a secret handshake for traders, don’t ask me.

“Eventually, we should see a 4H50EMA retest that can be a potential support.”

That fancy EMA thingy sits just under $92k, so expect some drama around there.

Then there’s Roman, the party pooper, who’s looking at $88k as the real party location. No way $94k is getting breached anytime soon, he says. Sorry, Roman, but you’re the designated wet blanket today.

“Waiting to see what happens at 88k. Not a believer in breaking 94k resistance any time soon.”

He’s waving the overbought RSI flag — aka, the “time to chill” signal.

Skew chimes in with his sophisticated talk about “indecision” — because nothing screams confidence like sitting on the fence between $90k and $92k.

GDP, PCE, and the Fed’s anxiety attack

This week’s a buffet of economic numbers — GDP, payrolls, tech earnings — enough to make anyone’s head spin. The Federal Reserve is hoping their favorite inflation gauge, the PCE, will finally spill some clarity.

April 30 is D-Day with PCE and GDP making an appearance before the monthly candle closes, so hold onto your hats.

Trade tariffs have already turned markets into a lunatic asylum with wild swings, so no surprise if crypto follows suit.

The S&P 500 is swinging by 2% on nearly a quarter of trading days this year. That’s about once a week! If that’s not a survival workout, what is?

“This is the highest reading since 2022, when the share hit 29% for the full year. By comparison, the long-term average has been twice a month.”

Interest rate cuts might be coming in June, market whispers say, despite the Fed acting like the party pooper with a hawkish stance.

Mosaic Asset thinks the Fed’s playing wait-and-see, with some bets on rate cuts later this year. Basically, the Fed’s like your friend who says “We’ll see” but means “I haven’t decided yet.”

“$180K BTC by summer ’26,” crypto exec says. Insert skeptical laugh here.

Dan Tapiero, hedge fund guru and eternal optimist, claims Bitcoin’s going to hit $180k before next summer. Bold move, Dan. Bold move.

He points to factory malaise and inflation indicators leaking into the danger zone, which apparently means more liquidity and (hopefully) higher prices.

“Liquidity spigot coming as real rates too restrictive given fiscal tightening,” is what he said. Translation: money’s gonna flow like cheap wine at a wedding.

Bitcoin speculators: back in the game but don’t get cocky

Those Bitcoin short-term holders — the people who flip coins faster than you flip pancakes — are now in profit territory again, sitting at a realized price of about $92k.

This “cost basis” stuff is important because if price dips below it, it supposedly means “No bull run today, sorry folks.”

“If this bull run is to continue, it must meet these conditions.”

Yeah, they lost that support in March, but hey, we love a comeback story, don’t we?

Greed alert! Local top incoming? đŸ€‘

After Bitcoin made a little jump to nearly $95k, the crypto fear & greed index spiked to 72 out of 100 — that’s “extreme greed” if you like your emotions with a side of panic.

It’s back to “neutral” now, but researchers warn this optimism spike smells like a local top. Basically, the crowd’s like a crowd at a buffet: grabbing everything but not knowing when to stop.

“Data shows a surge in optimism from the crowd as $BTC rebounded above $95K for the first time since February.”

FOMO’s so high, it could fuel a rocket or a nosedive — your guess is as good as mine. The crowd’s battling between greed and fear like a soap opera, and Bitcoin’s just sitting there, amused.

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2025-04-28 10:34