This Bitcoin Chart Might Make You Rich—Or Just Hungry for More Drama

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Some people wake up to the smell of brewing coffee; others check their Bitcoin RSI before even finding their glasses. For those in the latter camp, rejoice: the technical indicators have spoken, and apparently Bitcoin is not—repeat, not—so overbought that it needs to lie down with a cold compress. The RSI has graciously stayed under 70, as if refusing the urge to indulge in a shopping spree at a bull market boutique.

So, let’s say Bitcoin manages a heroic leap over the $98,800 wall, à la some crypto Mario Bros. What’s next? Well, all eyes drift lazily toward the $98,000 level because, apparently, nothing in crypto land is linear. With investors feeling bullish and people on Twitter using more rocket emojis than words, it’s just possible we’ll see another round of optimism—before the next round of Twitter drama, obviously.

Meanwhile, in the fundamental department—which sounds like where you’d get scolded for not reading the menu before ordering—the world’s politicians have decided to play a real-life version of Monopoly. That’s right, all this breathless suspense ties neatly to the ongoing soap opera featuring U.S.–China tariff negotiations. If Trump and Xi manage to sit down for a chat (or a staring contest), the outcome could send BTC and the stock market swooning in the same direction—either up, down, or around in interpretive circles. International drama and crypto volatility? Who needs Netflix?

But let’s pretend, just for a moment, that things don’t go “favorable.” Maybe tariffs win, maybe drama loses. No reason to stage dive out the window. Bitcoin’s been performing its best impression of a “safe haven,” which mostly means it hasn’t collapsed with the grace of a collapsing souffle, like some classic equities. Honestly, in the world of unpredictable financial instruments, that’s practically an Oscar-worthy performance. 🎭

Outlook: Short-term, we’re told, it’s sideways, which is just analyst code for “we hope there’s action soon.” Still, bulls remain hopeful, Bitcoin keeps flexing, and everyone is looking at their email notifications like something interesting might finally happen. If you’re feeling lost, don’t be—just keep toggling between technical charts and international news, and you’ll have at least as much clue as the rest of us. 🤷‍♂️🚀

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2025-05-01 11:58