Key Insights for Your Amusement (and perhaps your portfolio):
The ever-dramatic Bitcoin, restless aristocrat of the cryptoverse, is simultaneously flirt-wooing both the $100,000 corridor and a $2 trillion market cap this month. Curtain up!
Filbfilb—who observes the market with the verve of a Wilde protagonist—warns that price dips below six figures are “easily possible,” yet, in this financial farce, the odds wink at the bulls.
Ethereum, always the eager understudy, must prance to the 0.03 ETH/BTC mark if it’s to have its longed-for comeback on the altcoin stage.
Bitcoin (BTC), that extravagant enfant terrible, now sits gargoyle-like on the parapet of expansion, with its price posturing in a manner rarely described as “bearish-looking,” according to one highly quotable analyst.
Filbfilb, who dispatches his market wisdom on X (a platform tragically not named for excess, but for the alphabet), reports an epic battle of support beneath the glimmering six-figure lights of BTC/USD.
Filbfilb on $100,000: “This time is no different (and how drearily predictable that is)”
After bounding up the price stairs like a Victorian social climber, Bitcoin pauses—a little breathless—just north of $100,000, dancing through what Filbfilb calls “choppy” price moves. It fidgets, it pirouettes, it teases.
Yet, dear reader, we are to believe this is more than a trivial quest for round numbers. Nay! For the true drama unfolds at the $2 trillion market cap—Bitcoin seeks not mere support, but adoration, after February’s affair with resistance (data courtesy of those ever-watchful footmen at CryptoMoon Markets Pro and TradingView).
“Bitcoin is currently at 2 tril resistance btw, its not just 100k,” Filbfilb mused with Wildean insouciance to his X congregation.
The cryptic ballet intensifies as Bitcoin’s tyrannical dominance wanes, and the audience dares to hope for the altcoin understudies to take their bows.
On ETH versus BTC, Filbfilb notes the real drama ensues only when ETH/BTC grasps 0.03—a feat not accomplished since the early acts of February.
In the grand, Wildean tradition of looking askance at the foibles of humanity, Filbfilb invokes the vanity of round numbers: “$1 or $100 is normally a sticking point for most assets due to humans,” he quips, as the crowd nervously checks their portfolios.
“Burn the round number after ages of resistance to liquidate shorts, come back to the 80s, then find expansion later. I believe this is no different.”
The curtain briefly fell in April with BTC/USD tripping to lows around $75,000—a fate greeted by onchain reversal signals and a rare “buy” invitation from the Hash Ribbons (those moody harbingers of doom and delight).
“Honestly Ridiculous” — The Market, Wilde, and Everything In-Between
Bitcoin, meanwhile, gathers bullish bouquets from traders draped in financial optimism, all claiming this tedious consolidation is but an intermission before the grand finale—perhaps $110,000 for the next act, or even a cameo at $120,000, with the month of June dressed for a $150,000 masquerade ball.
“As for Bitcoin… Honestly… Ridiculous, the more you zoom out, the more insane it looks,” drolleries Filbfilb, echoing Wilde’s wit and weariness for the endlessly absurd.
“Short-term pullbacks below 100k are easily possible, however, I haven’t seen such a bullish-looking thing in a long time.”
One wonders: Is Bitcoin’s rise anything but a satire of modern value, with numbers so round and ambitions so angular? Tune in for the next act—if your nerves (and coins) can bear it. 🎩🍾🐂
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2025-05-15 11:41