Bitcoin’s Descent into Madness: Will It Hit $98K or Just $105K?

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Bitcoin’s slump is dragging on like a toddler in a puddle-relentless and utterly unimpressive. At just under $109,000, the bulls are clinging to the hope that the “strong horizontal support” at $108,000 won’t crumble like a stale biscuit. If it does, we’re looking at a trip to $105,000, where the bears will throw a party you weren’t invited to. 🐢📉

Massive Options Expiry Weighs on $BTC Price

Friday brought a deluge of 146,000 BTC contracts expiring, triggering $1.7 billion in liquidations. That’s enough to buy a small island, if you ignore the part where the island would probably sink. Long positions got whacked, but the 1% drop felt more like a polite cough than a full-blown collapse. Maybe the market’s just oversold-or maybe it’s tired of pretending it’s not. 💸😅

Is a $BTC Bear Flag Forming?

Zooming in on the 4-hour chart, Bitcoin’s inching toward $108,000 like a tourist approaching a crocodile enclosure. If it forms a bear flag, the measured move could send us tumbling to $105,000-a lower low that would make even the most stoic bull cry into their coffee. But hey, the Stochastic RSI indicators are nearly at rock bottom, so maybe the market’s just taking a breather before launching into a victory lap. 🐻📉

Implications of an Impending Death-Cross

The daily chart shows the 50-day SMA getting ready to cross below the 100-day SMA-aka the “death-cross.” Sounds like a heavy metal band, right? If this happens *and* the $108,000 support breaks, we’re in for a panic sale at the crypto clearance bin. But if the support holds, maybe the 50-day SMA will just shrug and climb back up. The 200-day SMA is already rising, though, so if Bitcoin hits $105,000, it might just hand the 200-day SMA a high-five. 🎸🪦

Could $BTC Price Drop to $98,000?

The weekly chart is a masterclass in pessimism. That 8-year-old trendline? It’s been a multi-year “don’t touch this” sign, and Bitcoin just ignored it. If $108,000 gives up the ghost, the price could plunge to $98,000, where a horizontal support and ascending trendline are waiting to hug it. Meanwhile, the Stochastic RSI indicators are pointing downward like a group of disgruntled tourists. This weekend? A cliffhanger worth more than your Netflix password. 💸👗

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2025-09-26 16:58