Bitcoin’s Dramatic Dive: Will It Bounce or Bananas?

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Picture this: Bitcoin hovers just shy of the big 104K, teetering like a cat on the edge of a piano. The poor thing’s been on a bit of a sentimental journey southward, and frankly, it’s making a snuff-up-the-nose kind of exit. The chart’s looking less like a bull and more like a Bowler’s hat-brittle and about to topple.

Liquidation clusters are lurking just beneath, ready for the party poopers at around $103K, with more trouble brewing between $101.5K and a thousand bucks-liquidation bands thicker than Aunt Agatha’s eyebrow pencil. If the zone gives in, we might be gazing at a quick slide-like slipping on a banana peel at a garden party-down to the $97K-$98K neighbourhood. Who knew support levels were so shy?

The Liquidity Game of Hide and Seek

Our dear Bitcoin’s daily structure is changing faster than a chameleon on a bag of Skittles. The short-term moving averages-those 50s and 100s-have rolled over so much they might as well wear monocles. And breaking below the 200-day moving average? That’s about as encouraging as a cat at a dog show. The RSI, that cheeky little metric, is lingering around 35, practically begging for a limelight moment before capitulation. Volume’s up, indicating folks are hollering ‘Take my money!’ as the price drops like a lead balloon during a Tightwad’s picnic.

Below the Magic $100,000

With no apparent support levels until the magical, mystical $100K mark, one can’t help but envisage a swift, unceremonious slip below. If that happens, the old mid-cycle hangout at $97K-$98K might just become the coolest support spot-albeit only temporarily, like Uncle Henry’s ill-advised moustache wax. Keep your eyes peeled for the big boys: $100K, $101.5K, and $103K. Lose these, and it could be the biggest Bitcoin tumble since the summer’s fireworks-minus the fun, but with twice the crash.

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2025-11-04 18:56