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Bitcoin’s Next Act? Storms, Struggles & Maybe $100K! (Don’t Blink, You Might Miss It)

BBG News

Friday arrived with the sort of calm that usually foreshadows drama—rain before thunder, tea before revolution. Somewhere, behind the invisible threads of the market, the wizards of Glassnode peer into the steaming samovar of metrics, divining omens: they see fortresses and riddles ahead for Bitcoin. Holders, with an existential sigh, wonder if it is time to set sail or cling to their digital gold. 🚢💸

Inside the ticker tape ballet, bullish winds and the sad trombone of sell pressure are rehearsing their duet again. On the stage: long-term holders, those seasoned souls who grimly recall winter and fever in equal measure, are limbering up—ready for a pirouette or a dramatic leap. Soon, they might decide it’s time for curtain call and profit-taking, just as the cryptocurrency orchestra warms up for its next sonata.

Bitcoin to $100,000: how soon?

Bitcoin, approaching the $100,000 promised land, gallops like Zhivago’s sleigh in a half-melted Russian spring—hopes clattering, but always at the mercy of ice patches. A mighty resistance, deep as the Volga, emerges between $95,000 and $98,000—here, CoinGlass charts signal, the trenches are filled with holders with their calculators poised and their sell orders itching to be pressed.

For these warriors, a breakeven exit glimmers like the faint memory of youthful happiness—enticing, unsustainable, and likely to cause a brief spell of market melancholy before hope resurrects herself and rallies again. 🥲📉

Long-term holders—heroes or quiet saboteurs—tend to swing the music either toward jubilant bullish crescendos or aching minor chords of correction. The precise hour of drama remains, as always, a riddle. But the engine pistons of Bitcoin already thump with patterns, promising and threatening an elegant retreat across the steppe of price action.

And now, a solemn analyst, part mystic, part mathematician, claims: those legendary holders may begin “distributing” (such a polite word for dumping) once their imaginary riches—unrealized, like half-written poetry—reach the exquisite agony of 350%, which hovers around the romantic number of $99,900.

If the crypto Cossack charges over that barricade, the world will gasp, curtains will flutter, and Bitcoin will ride on to unexplored financial tundras—above $100K, into the wild unknown, fueled by the FOMO of a thousand Redditors. 🏇🚀

Yet, our scene ends not in chaos, but with a sort of poetic stasis: May 2nd, the cool twilight of a long day, and Bitcoin, battered but dignified, lounges tranquilly at $97,050. It remains as indifferent to the drama as the moon to a Moscow cabaret.

In defiance of all reason, over 254,000 BTC have gathered dust in digital vaults for more than 155 days—tokens yearning for adventure, yet content, for now, to snooze in celibate hibernation.

Many of these stoic coins were acquired above $95K. Their keepers, these modern-day Pasternak protagonists, clutch their keys with the tragic optimism of men still waiting for the train to the future. They withstand volatility as one endures love—by being slightly irrational and hopelessly committed.🌪️📈

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2025-05-03 00:50

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