Will Bitcoin Crumble or Conquer? Traders Argue Over $105K! đŸ”„đŸ’°

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Will Bitcoin Crumble or Conquer? Traders Argue Over $105K! đŸ”„đŸ’°

Key points:

  • Bitcoin’s wild dance is aiming for $105,000 after the Wall Street wake-up call, bouncing 2.5% from the lows—like a kangaroo on a pogo stick! 🩘

  • Volatility is playing hide and seek again, leaving traders scratching their heads and mumbling about what will happen next—plot twist or cheese roll? đŸ§€đŸ€”

  • Some say Bitcoin’s booming bubble might be the last hurrah, while others brace for a dramatic final flare-up. Stay tuned! 🎭

Bitcoin (BTC) made a daring jump from a 4% nosedive right as the Wall Street rats woke up on May 19, but traders are wildly split on whether the bullish party is almost over—or just getting started.

$106,000—The Treasure Chest or The Trap?

Data from CryptoMoon Markets Pro and TradingView show BTC/USD trying to peek over $104,500, climbing 2.5% from its grumpy low of the day. Just like a toddler grabbing at a cookie, the price swings wildly around the weekly close, and then—poof!—bulls lost their grip faster than a slippery eel.

Now everyone is scratching their chins, wondering if we’ll see new all-time highs—or if it’s just another fancy fairy tale.

“This is just what Bitcoin needs,” declared the ever-hopeful Rekt Capital, scribbling in his mysterious X journal. “Hold about $104,400 as support—that’s the magic potion for a breakout bonanza.”

“Needs to hang around ~$104,400 like a comfortable pair of trousers to get ready for the big leap.”

Popular trader Daan Crypto Trades pointed out the $102,000 and $106,000 levels as the see-saw points—like a teeter-totter in a playground of chaos.

“Watch these tightrope spots,” he warned. “If the price falls or rises beyond them for more than a day, it’s game over—or just another false alarm.”

“So far, it’s been a game of ‘one day up, one day down’, like a yo-yo on a sugar rush.”

Meanwhile, the mighty onchain folks at Glassnode eye the $106,000 zone with suspicion—and a pinch of magic dust.

“BTC’s price bump paused just shy of $106.6K—where 31,000 coins hang out at that price like it’s a secret club,” they said, wrinkling their noses. “These holders haven’t dumped, nor lowered their averages. $106.6K remains a mountain to climb or fall from, depending on your mood.”

Trader’s Grim Whisper: “Beware the Dark Clouds Over Bitcoin”

A grim-voiced trader named Roman cackled, pointing out that weekly charts are no longer in Bitcoin’s corner of the rainbow.

“Resistance rejected us harshly, more bearish divergences appeared, and we’ve swooped with tiny volume, like a bird on a diet. The Stoch RSI indicator is shouting ‘overbought!’—or practically dancing on the ceiling,” he grumbled. 🩅📉

“Too many signs point to a bad ending for this bull — I’ve been saying it’s almost over, like a fireworks show fading into night.”

He also waved his crystal ball, hinting that the short-term forecasts are all over the place—some want $116K, others predict a rocky tumble to $90K. Buckle up, folks. đŸš€đŸ”»

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2025-05-19 19:19