Bitcoin’s Doing…Something? 🧐

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Well now, Bitcoin’s a fickle beast, ain’t she? Seems she can’t rightly decide which way to jump, and is just kinda
bouncin’ around like a grasshopper in a windstorm. She’s holdin’ a bit of ground ‘tween $106,700 and $107,600-folks seem to be buyin’ whenever she dips, bless their optimistic hearts. But gettin’ past $113,000 to $113,500? That’s tougher than convincing a mule to learn arithmetic. 🙄

Some fellas with charts and whatnot are sayin’ it’s what they call “consolidation.” Which is a fancy way of sayin’ she goes up, gets swatted down, then tries again. And this’ll keep going, they reckon, ’til one of them walls finally gives way. Seems a mite repetitive, don’t it?

Momentum Is Fading (Bless Its Heart)

Now, on them weekly charts, they say she’s still technically a bull. Got a green light blinkin’ and all. But hold your horses! There’s a divergence appearin’, a sneaky little thing that suggests the steam’s goin’ outta her. Been happenin’ for a month, it has. That means more choppin’ about, more head-scratchin’, before she makes up her mind. A fella could lose his shirt waitin’ on that.

Even them 3-day charts are confused, poor things. The MACD is inchin’ towards a bullish crossover, but slower than a snail in molasses. Traders lookin’ for a swift breakout? Well, I reckon they’ll need the patience of Job-and a strong cup of coffee.☕

Levels to Watch (If You’re Feeling Lucky)

If Bitcoin *does* manage to bust through $113,500, they say the next stop is around $117,000. But if she stumbles below $106,800, then the sellers might get their claws in, and we could be headed for a tumble. A right proper tumble, mind you.

And it seems there are folks gettin’ nervous at both ends, based on what the “liquidation data” shows:

  • $113,800-$114,000 if she tries to climb higher
  • $106,800-$107,100 if she decides to take a nap downwards

Which makes one suspect she might try and rattle both cages – spookin’ folks into sellin’ high and buyin’ low
before settling right back where she started. A right clever bit of trickery, if ya ask me.

What It Means for Them Other Coin Thingamajigs

Bitcoin’s been puffin’ out its chest a bit lately, and that ain’t good news for the other cryptocurrencies, the altcoins, if you will. Generally, folks pull their money back into Bitcoin when it struts around like that. Ethereum’s been stuck ‘tween $3,900 and $4,900, lookin’ just as perplexed as Bitcoin. And Solana? Well, it’s got some new patterns, but it ain’t breakin’ out either. It reminds me of a pack of dogs chasin’ their tails. 🐕

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2025-09-07 19:13