So, Bitcoin has decided to throw a surprise party, skyrocketing to a jaw-dropping $88,500! 🎈 But hold your horses, will this party be gatecrashed by some pesky overhead resistance? You know, the kind that’s been lurking around like an ex at a wedding? 😬
Key points:
Bitcoin is riding high on the news that the Trump administration is still deciding on its “Liberation Day” tariffs. Talk about a cliffhanger! 📺
Israel, Mexico, and India are playing nice, rolling back their tariffs like they’re on a diet. No “tit for tat” here, folks! 🍽️
Bitcoin (BTC) is flirting with a 3-month descending trendline resistance. It’s like that friend who keeps getting rejected at the bar. 🥴
In the last 12 hours, total market liquidations hit $145 million, with $69.4 million of that being Bitcoin shorts. Ouch! 💔
According to our trusty friends at Kingfisher, CoinGlass, and Velo, short liquidations are the secret sauce behind today’s leap above $88,500. Who knew? 🍔
For months, Bitcoin has been like that one friend who can’t hold their drink. But wait! There’s hope! The market structure is slowly shifting from “bearish” to “bullish.” It’s like watching a caterpillar turn into a butterfly, but with more volatility! 🦋
Check out the chart below! Recent rallies are backed by a strong bid in the spot market and the return of the Coinbase Pro premium. Analysts are speculating that companies like Strategy are stocking up on Bitcoin like it’s the last slice of pizza at a party. 🍕
In the last two weeks, GameStop, MARA, Metaplanet, and Strategy have all announced plans to buy more Bitcoin. GameStop is practically on the edge of their seats, ready to pounce! 🐾
In the short term, the sustained buy volume at Binance and Coinbase Pro, along with the crypto and equities markets’ reaction to President Trump’s “Liberation Day” tariffs, will be the key players in this bullish Bitcoin saga. Buckle up! 🎢
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2025-04-02 23:35