🚨 IS bitcoin-usd/”>BITCOIN ABOUT TO MAKE A COMEBACK? 🚨
Oh joy, oh rapture, Bitcoin is currently hovering around $83,000, having plummeted to a mere $76,800 on Tuesday. I mean, who needs stability in their investments, anyway? 🤣
It’s been a wild ride for Bitcoin, folks. One minute it’s soaring to new heights, the next it’s careening out of control like a teenager on a sugar high. Will it ever stabilize? Probably not, but hey, at least it’s entertaining. 🎢
Economic headwinds
On the economic front, the new U.S. administration is dealing with a debt pile that’s roughly the size of a small country’s GDP. $8 trillion, folks! That’s like me owing my ex-wife $8 trillion in alimony payments. 😂
And then there’s the Trump tariffs, which are causing chaos in the global trade scene. It’s like trying to navigate a obstacle course blindfolded while being attacked by a swarm of bees. 🐝
The U.S. stock market is tanking, and I’m pretty sure that’s not what President Trump had in mind when he boasted about his “strong” stock market. Maybe he was just trying to distract us from the tariffs? 🤔
Russia/Ukraine ceasefire potential at a delicate stage
From a geopolitical perspective, things are getting real. A 30-day ceasefire is in place, but let’s be real, Vladimir Putin is like the in-laws who just won’t leave. 🤪
Huge Bitcoin tailwind
But wait, there’s hope! Legislation is on the horizon that will make it easier for citizens to hold and transact in Bitcoin. It’s like the government is finally acknowledging that Bitcoin is a thing, and not just a bunch of nonsense. 🤓
Short-term: Bitcoin still in the claws of the bears
From a short-term perspective, Bitcoin is still in the clutches of the bears, which is just a fancy way of saying it’s still going down. But hey, at least it’s a rollercoaster ride, right? 🎠
Will it finally hit the bottom and test the major support? Who knows? Maybe it’ll just keep going down and down like a bad joke. 😂
Long-term: Major support is close
Zooming out into the weekly time frame, the major support band is looking pretty cozy. It’s like the government is saying, “Hey, Bitcoin, you can stay here with us, it’s safe!” 🏠
But let’s not get too excited, folks. This is still Bitcoin we’re talking about. It’s like trying to predict the weather in a tornado alley. 🌪️
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2025-03-13 12:42