You Won’t Believe What Bitcoin’s About to Do (Or Not Do) This Summer

So, here we are again. Bitcoin, perched awkwardly at around $95,000, like a cat stuck between two rooftops—thinking about leaping, but also very aware of how undignified falling would be. After that heroic bounce above the $75K mark (applause all around, very inspiring, someone call Hollywood), things are shuffling sideways. Somewhere, a technical analyst is still desperately refreshing TradingView.

The price is milling about, just beneath a “crucial” resistance for over a week. Which, honestly, makes it sound like Bitcoin needs a support group—or at least a pep talk. Volatility has dropped to the kind of levels where you wonder if it’s just taking a nap or actually dead. And now, as the drama builds: will BTC strut past the infamous $96,200 resistance, or go back to sulking in the corner? Can someone pass it a mirror so it can practice its breakout face?

The short-term charts are showing an ascending triangle, but before you get the party poppers out, the long-term technicals are, well, basically hunched over a pint and muttering about “bearish divergence.” The rally’s stability is about as convincing as my new year’s resolutions.

Right, so, Bitcoin sashayed out of a wedge, fancy footwork and all, only to bump right into a stubborn resistance zone. It wants to test the 0.618 FIB level at $96,200, but, much like texting an ex, it just can’t bring itself to do it. Meanwhile, MACD is hinting at a bearish crossover—even MACD is starting to look worried, and nothing fazes that guy. 

If BTC drops below the POC between $94,000 and $94,675, we could be having a slightly awkward conversation with $92,062 (Hi, 0.5 FIB, did you miss us?). Oh, and there’s a delightful Fair Value Gap at $87,000 patiently waiting for its five seconds of fame. The takeaway? Buckle up, darlings. The monthly close might finally give us something more exciting than this tense, buttoned-up sideways action—or, knowing Bitcoin, it might just order another drink and keep us all guessing.🍸🚀

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2025-04-29 20:37