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Will Bitcoin’s Recent Crookery Lead to a Great Fall? A Witty Lament

BBG News

There is a certain man, known to some as a prophet of the markets, who claims that the mighty Bitcoin—so often worshipped as an infallible deity—shall soon stumble and fall. Yes, friends, even the saints of finance have their doubts, and this one warns of a correction most treacherous.

Dave the Wave, a pseudonymous seer whose followers number nearly two hundred thousand, declares that Bitcoin shall dip below the sacred Fibonacci level of sixty thousand dollars, perhaps only brushing against its support like a dog sniffing at a forgotten boot.

For those unacquainted with this mystical tool called Fibonacci retracement—a way to divine the future from lines and numbers—know that it marks the divine support and resistance levels, the boundaries set by unseen hands.

“The faithful,” says the analyst, “may find this chart a confession of treason, but for the true technician, it is a promise of triumph.”

He speaks of a correction, a retreat to the level of .382 Fibonacci extension—how quaint—thus setting the stage for a mighty breakout, perhaps to the heavens themselves, at one hundred sixty thousand dollars. Ah, the dreams of men, fueled by lines on a graph!

He also shows a weekly chart, where the MACD—an obscure indicator—flashes a bullish sign, whispering sweet promises of upward movement. For those who heed it, it suggests that even a modest pullback may lead to the great ascent they yearn for.

“From a modest 38% consolidation,” the prophet proclaims, “a grand extension shall unfold.”

Finally, in a daily chart—an epic saga in pixels—the analyst reveals that Bitcoin is merely repeating its seasonal dance, consolidating within a familiar range before breaking free again. Because what better way to entertain the masses than to dazzle them with charts?

“BTC is shaping up nicely,” he assures with the confidence of a man who has bet on the invisible hand himself.

And so, dear reader, heed this: Bitcoin now trades at one hundred four thousand seven hundred fifty-five dollars, down a mere 1.1 percent—hardly a descent worthy of lament, yet enough to stir the crowd into a frenzy of hope and despair alike.

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2025-06-05 10:26

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