What to Know:
- Bitcoin took a nosedive, slipping from $105,875 to a cheeky low of $103,156 — a whopping $2,719 (2.57%) dip. Someone’s got the jitters! 😅
- Meanwhile, U.S. spot Bitcoin ETFs decided to play the crying game, bleeding out $358.6 million on Thursday — ending a 10-day party that had netted a glorious $4.26 billion. Cheers? 🥂
In the grand, theatrical circus of global economics and trade policies—oh, the drama!—cryptocurrency markets dance to their fickle tune as Bitcoin stumbles and recovers, like a drunkard finding his way home. 🚶♂️
Yet, despite the dramatic pullback, big money bags like Strategy (once MicroStrategy) and GameStop keep tossing Bitcoin into their coffers—because nothing says “confidence” like gambling on digital magic beans. 🍀
Technical Analysis Highlights
- In the last 24 hours, Bitcoin seemed to find its footing, hugging the $103,200-$103,400 range — a cozy spot where buyers bravely stepped in, backed by some serious volume support, according to CoinDesk’s fancy data models. 📊
- After smashing above $104,000 resistance, the momentum shifted gear, and volume swelled like a collective hope at a lottery draw, confirming that the dip was merely a teaser, not the finale.
- All signs point to the correction being over—phew!—and the price now setting the stage for a possible encore in the broader uptrend. Or at least that’s what the charts dare to whisper. 🤫
- In the last hour, Bitcoin staged a mini-comeback, climbing from $104,146 to a modest $104,303, with 429 BTC traded—a real thrill for the voyeur of volatility. 📈
- Price tried to play it cool within a tight range ($104,077 to $104,263) before a breakout, all supported around the ever-reliable $104,080-$104,090 zone. Stability, who needs it? 😂
External References
- “Bitcoin Price Extends Losses — Is More Downside on the Horizon?”, NewsBTC, published May 30, 2025.
- “Bitcoin at Risk of Breakdown if Major Support Level Fails, Says Trader Justin Bennett – Here Are His Targets”, The Daily Hodl, published May 30, 2025.
- “Bitcoin price prediction 2025-2031: Will BTC hit $150k soon?”, Cryptopolitan, published May 31, 2025.
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2025-05-31 22:05