Bitcoin’s Musings: To Rise or Not To Rise? July 4 Will Make You Spit Out Your Tea

by

Behold! The majority of digital coins, with the unbridled exuberance of a Victorian dandy after payday, have sashayed into the verdant embrace of the green zone, as ordained by CoinStats. One must celebrate tiny victories before they are replaced with slightly more fashionable disasters.

BTC/USD

Bitcoin, that tempestuous enfant terrible of the financial stage, has suffered a decline of 1.32% in the past 24 hours. One might say it’s simply swooning for dramatic effect, or having a minor existential crisis. Or perhaps it spotted Ethereum in a new frock and simply couldn’t compete. 🥀

As depicted upon the hourly chart (a modern oracle if ever there was one), Bitcoin has recklessly discarded its local support at $108,585, as if it were last season’s waistcoat—unloved, unremembered. Should the daily bar lie prostrate at these prices or lower, one could wager an unnecessary monogrammed kerchief on a further descent toward $107,000. Prepare, then, for a sobering correction—one not even champagne can sweeten.

On grander timescales, the bulls—tragic heroes of this melodrama—have failed to keep the performance going after yesterday’s bullish flourish. Their curtain call appears imminent, unless they find new zest before tomorrow’s daylight. Should they remain slumbering, a test of the weary $106,000–$107,000 range seems as inevitable as a witty retort at a London soirée. 🍾

Alas, from a midterm vantage, neither bird nor bear has claimed the spotlight. The volume—like polite society at the end of the season—is fading to irrelevance. Let no one expect sharp moves—unless, of course, you count dramatic sighs and the rustling of silk dresses.

At the time of writing, Bitcoin languishes at a most poetic $108,088. Place your bets, prepare your bon mots, and remember: in the theatre of crypto, the only certainty is that certainty is terribly gauche. 🤑

Read More

2025-07-04 18:09