Bitcoin’s Wobble: Is This the End? đŸ˜±

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Right, so Bitcoin’s done a bit of a tumble. Nearly 5%, if you’re counting – which, let’s be honest, anyone remotely interested in Bitcoin is counting. This has the ‘analysts’ – people who get paid to look at wobbly lines on graphs – rather agitated. They’re muttering things about ‘technical breakdowns’ and ‘bear cycles’ like it’s some sort of meteorological event. Honestly, it’s just numbers going down.

Apparently, if it doesn’t bounce back above $102,000 with the speed of a startled dwarf, things could get ‘risky’. Risky like accidentally signing up for a timeshare, or running out of tea. You know, properly alarming.

The Line in the Sand (or, You Know, on the Chart)

Julio Moreno, who apparently has a job title that involves ‘Head of Research’ at a place called CryptoQuant (sounds like a villain’s lair, doesn’t it?), said on that X thing – formerly known as Twitter, and before that, just shouting into the void – that Bitcoin’s price has popped its head under its 365-day Moving Average.

Now, this 365-day Moving Average isn’t just any old line. It’s, and I quote, “the final confirmation of the start of the 2022 bear market.” Which, if you remember 2022, was a bit like a very long Tuesday. đŸ˜©

The chart, which looks suspiciously like someone spilled ink and then tried to make sense of it, shows the last time this happened was December 2022. It bounced a bit in March 2023, but then remembered it wasn’t having a good time and went back down. Leading to a ‘crypto winter’. Honestly, they need to give these bear markets better names. ‘A Bit Chilly’ perhaps?

Then, in March 2023, when it finally broke out, things perked up. It wobbled around for a bit, then decided to have a good run towards the end of 2023. Bit like a reluctant hero, really.

The Line That Holds… Usually

Apparently, during a ‘bull run’ (which sounds rather aggressive), this 365-day Moving Average is a bit of a comfort blanket. A safety net. A metaphorical strong cup of tea. ☕

  • In August 2024, something called a ‘Yen carry-trade sell-off’ (don’t ask) caused a 10% drop. But the line held! It bounced back! Huzzah!
  • And again in April 2025, when President Trump’s trade tariffs caused a bit of a fuss. The line held again! Honestly, it’s practically a reliable friend.

The general consensus is if it dips, it should bounce. Like a rubber duck. Mr. Moreno helpfully points out the line is currently at $102,063 and that the price “needs to cross back above it quickly.” Which sounds
 urgent.

And apparently, a bunch of people who bought Bitcoin at high prices (the top 25%, specifically) haven’t seen the price below $100,000 for the last two years. So they are getting a little bit twitchy. You can almost hear the collective clutching of digital wallets. 😬

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2025-11-05 08:07