Bitcoin’s Wild Ride: Will It Hit $109K or Crash to $100K? 🤯

by

Well, well, well, looks like the crypto gods have decided to give us a little weekend treat. According to CoinStats, most coins are on the rise, and Bitcoin is no exception. 🤑 But let’s not get too excited-it’s only up 1.34% in the last 24 hours. Baby steps, people, baby steps. 👶

BTC/USD

Bitcoin has finally broken through the local resistance of $108,234. 🎉 If the daily bar closes above that, we might see it waltz its way to the $109,000 range. But let’s be real-it’s Bitcoin. It’s probably just toying with us before it decides to plummet. 🌋

On the hourly chart, things look mildly promising. But let’s not forget: the volume is as low as my tolerance for small talk at parties. 🥱 So, the bulls might need a Red Bull or two before they can keep this party going. 🐂

In the bigger picture, Bitcoin is inching up after yesterday’s bullish closure. But don’t get too comfy-consolidation between $108,000 and $110,000 is the more likely scenario. Because why make a decision when you can just sit on the fence? 🏠

Now, for the midterm view: it’s not looking great for the buyers. If the weekly bar closes near its low, there’s a good chance we’ll see a test of the $100,426 support by the end of the month. So, buckle up, buttercup-it’s going to be a bumpy ride. 🎢

At press time, Bitcoin is trading at $108,455. Which, let’s be honest, is probably just a temporary pit stop on its way to who knows where. 🚀

Read More

2025-10-19 21:06