Well, well, well… looks like Bitcoin decided to take a nosedive instead of reaching for the stars. 🌟✈️💥 After failing to break its own record (because, let’s be honest, $126K is so last season), BTC took a sharp turn south, leaving investors clutching their pearls and screaming, “WHY, 2025, WHY?!” 😱💔
By Shayan (aka the bearer of bad news)
The Daily Chart: A Tale of Woe and RSI Blues
On the daily chart, Bitcoin’s rejection from the ATH zone was like being ghosted after a first date. 💔 And the breakdown below the 100-day moving average? That’s the equivalent of your ex posting vacation pics with their new boo. Ouch. 😭 Now, BTC’s clinging to $100K like it’s the last slice of pizza at a party. 🍕 The RSI at 41 is basically saying, “I’m tired, but I might still have one more meltdown in me.” 😓
The 4-Hour Chart: Drama, Drama, Drama
Over on the 4-hour chart, BTC found temporary support at $110K, which is basically the crypto version of “I’m fine, I just need a minute.” 😢 But let’s be real, the RSI at 32 is weaker than my willpower around a box of donuts. 🍩 Resistance at $117K is like that friend who says, “I’m just going to grab one drink,” and then disappears for the night. If BTC can’t break through, we’re looking at another leg down to $105K, which is basically the crypto market’s version of “hitting rock bottom.” 🪨
Sentiment Analysis: Liquidations and Tears
Long Liquidations: The Crypto Bloodbath
Oh, and let’s not forget the liquidation chart, which looks like a horror movie graph. 🎬 A massive spike in long liquidations? That’s the crypto equivalent of a Black Friday stampede, but with more tears. 😭 Overleveraged traders got the boot faster than a contestant on a reality show. 👢 Historically, this marks a short-term bottom, but with sentiment as fragile as a snowflake in July, investors are hesitating like it’s a first date. 😬 A relief bounce is possible, but the uptrend confidence? Yeah, that’s deader than my New Year’s resolutions. 💀
So, is this the beginning of the end for the bull market? If BTC closes below $100K, we might as well start calling it “Bear-coin.” 🐻 But hey, at least we’ll have plenty of memes to keep us company during the crypto winter. ❄️🤣
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2025-10-12 17:17