Bitcoin’s Big Breakout? Or Just Another Crypto Mirage? 🚀📈

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Behold, the noble Bitcoin, that most capricious of assets, stands on the precipice of a meteoric ascent-or perhaps a mere flicker of hope, as fleeting as a dachshund’s tail in a hurricane. Two sacred geometries, the Cup & Handle and the Inverse Head and Shoulders, have conspired to whisper sweet nothings of a breakout storm, while the market, ever the drama queen, twirls its moustache and declares, “Let us see if this is not a farce!”

BTC Climbs Above 93,160 As Cup & Handle Targets 104,000

On the 4-hour chart, a sage named Kamile Uray observes Bitcoin’s ascent, as if watching a penguin navigate a glacier. A close above $93,160, she posits, would confirm the Cup & Handle’s breakout, which, if successful, would aim for the fabled $104,000. One can only hope the market is not merely playing a trick on us, as it has been known to do in the past.

If BTC dares to reach $104,000 without a wick of despair, it would shatter the falling blue trendline, a feat as improbable as a parrot reciting Shakespeare. The next resistances, $98,200 and $107,500, loom like specters, while a breach of the latter would signal the dawn of a new era-or at least a brief reprieve from the bear’s yawn.

Uray, ever the optimist, suggests retests of the pink box (the handle’s fortress) could be exploited as trade entries, provided one’s stop-loss is as steadfast as a British constable. Should the price falter, the $83,822-$82,477 zone awaits, a sanctuary for the downtrodden. A daily close below $82,477, however, would confirm the market’s true allegiance to the bear.

But fear not! The Inverse Head and Shoulders, that most venerable of patterns, has allegedly reversed the tide, with Bitcoin surging past $87,500 and $90,000. The analysts, those esteemed sages, declare this a “strong trend reversal,” though one might suspect they’ve been bribed by a rogue algorithm. The next benchmark, $95,000, is a test of faith-will the price kiss it, or will it flee, as ever the fickle suitor?

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2025-12-04 05:12