Behold! The mysterious apparition known as ‘Bitcoin price’ awoke from its slumber at the $112,500 crypt, clutching a tattered hope to ascend above $114,000. Alas! The journey to $120,000 resembles that of a cat chasing its own tail in a Moscow alley at midnight. Meow!
- Bitcoin, like a government clerk with a questionable lunch break, attempted a precarious climb above the $113,500 district.
- Yet, here we find it loitering below $115,000, haunted by the spectral 100 hourly Simple Moving Average-never on time.
- A bearish trend line lurks like a suspicious mustachioed neighbor at $114,800, barring entry for the brave BTC/USD comrades. (Data courtesy of the Kraken, a creature more reliable than Moscow bureaucrats).
- Should Bitcoin muster the courage to leap above $115,000, we might witness a fresh acrobatic display, complete with flying rubles-if only the resistance zone yields.
Bitcoin Price Stumbles Upon An Unexpected Supporter
Not unlike a writer with half a bottle of cheap vodka, Bitcoin found itself sliding helplessly after tumbling beneath the $115,500 mark. Down it spiraled, collecting bearish momentum as if gathering ill-advised souvenirs from every cheap café along the way.
The abyss at $113,000 greeted our hero, followed by an interlude below the 100 hourly Simple moving average. The $112,500 checkpoint was tested, candles were lit, and fortunes-consulted. The scene now unfolds: a valiant attempt at recovery toward the 23.6% Fibonacci retracement-numbers as mystical as Woland’s entourage.
Trading below $115,000, Bitcoin’s immediate resistance stands near $114,800, stubborn and unmoved.
That infamous bearish trend line still looms, like a bureaucrat blocking the last tram out of the city at precisely $114,800.
Should the wind shift and Bitcoin pierce the $115,000 barricade, next comes $115,500-if the universe permits. Above that, perhaps a miraculous ascent to $118,400, where the 50% Fib retracement marks the boundary between reason and madness. Raise your glass! With sufficient eccentricity, the price could wander to the $120,000 champagne chamber. But the real prize? $121,500, shimmering in the distance-utterly unreachable, like a Moscow apartment for honest men.
Bitcoin: A New Descent Into the Abyss?
But beware! If Bitcoin falters before the $115,000 doorman, expect a return visit to decline station. It may soon commiserate with the $113,500 bench and the somber $112,400 lamplight.
From there, it may tumble alongside poets and philosophers to the $111,500 slumber. Should fortune turn traitor, prepare for a dramatic plunge toward $110,000, with the $108,000 trap door awaiting beneath, ready to snap BTC’s ambitions like an overcooked pelmeni.
Technical indicators (read: fortune-telling paraphernalia):
Hourly MACD-losing enthusiasm for the bearish ballad, considering a new hobby.
Hourly RSI-daring to peek above the 50 level, like a cat at the fishmonger’s.
Major Support Levels-$113,500, then $111,500, the last bastions before collective groaning.
Major Resistance Levels-$115,000, $115,500, guarded by cryptic forces and sardonic laughter.
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2025-08-21 05:33