Ah, Bitcoin — that restless beast that mocks us all, tiptoeing around the $94,500 mark like a cat afraid of its own shadow. It’s holding its breath, caught between pride and fear, flirting with gains while threatening to roll back and test the humble $91,200.
- Like a worker barely scraping a living, Bitcoin made a clumsy step above $92,500 and $92,800, hoping someone would notice.
- Trading just above $92,000 and the 100-hour simple moving average, it’s the equivalent of staring down a miserable cup of tea and pretending it’s champagne.
- A “bullish” trend line creeps in with $93,100 as its shaky crutch — one might chuckle at its optimism.
- If by some miracle it breaks $94,500, maybe—just maybe—it will dream of climbing higher.
The Price Is Rejected, Again: Surprise Surprise
Our valiant Bitcoin stood firm above $88,800, then stumbled up past $90,500 and $92,000. The bulls tried a pep rally beyond $93,500, even reached the promised land at $94,450 — only to realize it was an empty palace.
And lo, after this fleeting joy, the price slumped a bit under the 23.6% fibonacci level, as if hungover from its own hype. Now it drifts around $92,800, hugging that 100-hour moving average as if it would catch it before it falls.
On the upside, consider $94,200 and $94,500 carefully guarded gates. Past $94,650, the fairy tale keeps going—$95,500 and even $96,200 may beckon if this comedy ever turns to a thriller.
Downside Correction? Oh, Please…
If Bitcoin’s ambitions are denied beyond $94,200 yet again, it might slink down towards $93,100 or fall even further to $92,750 — its “major support,” which sounds like a well-meaning but tired janitor.
Beyond that lies $91,700, then the $90,500 pitstop, before resting at a sad $90,000 — the final stop on the despair express.
Indicators report:
- Hourly MACD: Losing steam in the bullish race, like a runner who forgot why they started.
- Hourly RSI: Limping above 50, barely hanging on to optimism.
- Resistance: $94,450 and an almost-mythical $94,650.
- Support: The ever-faithful $93,100 and $92,750.
And so, the saga continues — will Bitcoin finally climb with glory or stumble into the arms of the ever-watchful bears? Stay tuned, for such is the tragicomedy of the digital gold saga. 😅
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2025-04-25 05:57