Bitcoin’s Wild Ride: Will It Hit $115K or Crash Again? 🚀💸

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Oh, Bitcoin, you fickle beast! After a dramatic dip, you’re trying to claw your way back above $108,000. You even flirted with $111,800, but now you’re trimming those gains like a dieter after Christmas. 🍪✂️

  • Bitcoin’s like, “I got this!” and started a fresh recovery wave above $108,000. Go, girl! 💃
  • Trading above $108,000 and the 100 hourly Simple Moving Average? You fancy, huh? 💅
  • There’s a bullish trend line at $108,800 on the hourly chart (thanks, Kraken!). But will it hold? 🤔
  • If BTC stays above $110,500, it’s basically a rocket to the moon. 🚀🌕

Bitcoin’s Gains: Here Today, Gone Tomorrow?

So, Bitcoin decided to bounce back above $105,500, smashing through $107,500 and $108,500 like they’re made of paper. The bulls were like, “Let’s do this!” and pushed it above $110,500. But then, plot twist! They couldn’t keep it above $111,500. Classic Bitcoin. 😑

Now it’s slowly sliding down from the 61.8% Fib retracement level (fancy math alert!). And yes, there’s still that bullish trend line at $108,800. But will it save the day? Only time will tell. ⏳

Currently, Bitcoin’s chilling above $109,000, acting all cool with the 100 hourly Simple Moving Average. But the real drama? Resistance at $110,500, $111,200, and $111,500. Break those, and it’s party time! 🎉

Bitcoin Price Chart

If BTC closes above $111,500, it might zoom to $112,500 or even $113,200. And $115,000? That’s the dream. But let’s not get ahead of ourselves. 🌈

Or Will It Crash and Burn? 🔥

If Bitcoin can’t handle the $110,000 resistance, it’s back to the drawing board. Support at $108,800 and the trend line are its safety nets. But if those break, it’s a slippery slope to $107,550 or even $106,500. And $105,500? That’s the last line of defense before it’s all tears and memes. 😭🤡

Technical indicators:

Hourly MACD – It’s bearish, but who knows for how long? 🐻

Hourly RSI – Below 50, so not exactly a confidence booster. 🤷‍♀️

Major Levels:

Support: $108,800, $108,000 (hold on tight!).

Resistance: $110,500, $111,500 (break these, and it’s champagne time! 🍾)

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2025-10-21 07:29