Well, bless my stars and stripes, if it ain’t the wild west of finance again! Bitcoin, that pesky digital critter, decided to buck like a bronco on Friday, leaping 4% after ol’ Jerome Powell tipped his hat to dovish winds. Now it’s prancin’ above $116,000, leavin’ its woes in the dust like a cowboy ridin’ off into the sunset. 🤠✨
Bitcoin’s Bounce: A Bull’s Eye or Bull’s… Well, You Know 🌽
Tony “The Bull” Severino, a fella who’s seen more charts than a riverboat gambler’s seen cards, reckons this ain’t just a fluke. In an X post (that’s Twitter for you city slickers), he jabbered about Bitcoin bouncin’ off what he calls the “Wall of Worry”-a fancy name for the lower end of an ascendin’ channel. Seems this wall’s been holdin’ strong since November 2023, like a trusty sheriff keepin’ order in a rowdy saloon. 🏛️💪
Every time Bitcoin’s hit this wall, it’s sprung back like a jackrabbit, aimnin’ for the upper boundary. Severino’s squintin’ at his charts and seein’ $144,000 as the next stop-a cool 24% hop from where it’s grazin’ now. And if the bulls keep their horns sharp, $183,000’s in the crosshairs. But beware, if this critter breaks below the channel, it’s a tumble to $95,000-$100,000 faster than you can say “snake eyes.” 🐍🎲
The Lay of the Bitcoin Land 🗺️💸
At the moment, Bitcoin’s sittin’ pretty at $115,641, up 3.21% in the last 24 hours. Trading volume’s swellin’ like a river after a storm, up 38.78% to $80.33 billion. But don’t let that fool you-the weekly and monthly charts are singin’ the blues, down 1.76% and 1.94%. Newcomers are still waitin’ to break even, like prospectors hopin’ to strike gold. 🏜️⛏️
Meanwhile, Jordan Pivato, another chart-whisperer, claims this market cycle’s peakin’ on October 21, 2025. He’s bettin’ on history repeatin’ itself, sayin’ Bitcoin cycles stretch a tad longer each time. Last one was 548 days; this one’s gunning for 550. And October? Well, that’s Bitcoin’s favorite month, deliverin’ gains like a Santa Claus with a sack full of satoshis. 🎅💰
Historically, October’s been Bitcoin’s lucky charm, postin’ gains in six of the last twelve years. On average, it’s jumped 46.72%, with a median of 10.82%. So, if you’re wagerin’ on Bitcoin, October might just be your huckleberry. 🍯🤑
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2025-08-23 12:05