Bitcoin’s Wild Ride: Will It Hit $106,000 or Just Keep Clowning Around? 🤡💰

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So, folks, gather ’round! A crypto analyst, who’s got more followers than a cat video on the internet, is pointing out the magic number for Bitcoin (BTC) to strut its stuff again! 🎩✨

In a new thread, our crypto wizard Michaël van de Poppe, with a whopping 792,600 followers on the platform formerly known as Twitter (now X, because why not?), says if the crypto king can reclaim the $106,000 level, it’s like finding the last piece of pizza at a party! 🍕💥

“Update on Bitcoin: It has taken the liquidity and bounced back upwards. What’s next? Ideally, I’d like to see $106,000 break back up and hold. That would be the big signal for the next bull market leg.”

Van de Poppe continues, saying he expects Bitcoin to test that $106,000 level “in the coming days,” while also noting that the Fed’s latest meeting was about as exciting as watching paint dry. 🎨💤

“FOMC (Federal Open Market Committee) show is over, which was a nothing burger, means that we’re back into the normal trading game for Bitcoin. I suppose we’ll see a test of $106,000 and breakout north in the coming days. Altcoins are, again, outperforming.”

Wrapping up his analysis with Ethereum (ETH), Van de Poppe says it looks like the market is ready to jump into the second-largest digital asset, like kids into a ball pit, since ETH didn’t budge much while BTC was doing its little dance. 🕺💃

“A pretty strong signal that ETH consolidates on these levels and didn’t move while Bitcoin was consolidating. That’s a strong signal that the market sentiment and momentum is rotating towards Ethereum and Altcoins.”

As of now, Bitcoin is trading for $104,236, which is like a tiny sneeze down from yesterday. Meanwhile, Ethereum is hanging out at $2,497, also a slight uptick. So, who’s ready for the next rollercoaster ride? 🎢💸

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2025-06-19 23:06