Picture this: Bitcoin’s had its hair done, pulled on the tightest dress it owns, and rocketed to $122,054 on July 14. And now? Everyone’s just sort of standing around, pretending they know what’s going to happen, but actually, it’s painfully obvious that nobody has a clue. Classic Saturday night.
After a week of Bitcoin ping-ponging between $116,952 (major resistance, darling) and $111,855 (its emotional support blanket), the market’s indecision is, frankly, almost British.
Are the Bulls Just Tired… Or Dead?
Enter: Arab Chain (who is either a mysterious analyst or Batman, identity still under wraps), with the cheery news that Bitcoin could be crawling towards the final scene of this particular action movie. 🎬 His argument for doom: Whales chucking $4-5 billion in coins at Binance with all the subtlety of someone sending a breakup text in a group chat.
Whale coins swimming to exchanges is basically code for: “We’re out. Good luck everyone else!”
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When whales start selling, it’s like your taxi home leaving before last orders. The fun is definitely wrapping up. 🐳🚕 Meanwhile, the crowd at the bar (retail investors) is only just getting started-awkwardly late, drinks in hand, convinced the night’s only going up from here.
Arab Chain notes-somewhat gleefully-that retail buyers are piling in, which usually means “late-stage buying,” or, if you’re looking for an honest translation: buying snacks at the cinema after the film’s ended.
Yes, sometimes retail has the muscle to push prices up. But lately? Their Herculean efforts haven’t even generated a limp high-five from the market. “Potential exhaustion,” says Arab Chain. (Like the rest of us scrolling through Twitter.)
Whale cash-outs and excitable retail buying? This is the market equivalent of your cool older cousin handing you their keys, smiling reassuringly, and vanishing into the night. Statistically, the party’s over-it’s just no one told the guests yet.
Bears In the Bushes, Bulls Praying for Miracles
What next? If everyone keeps selling, Bitcoin could slide right down to $111,855 (the “floor,” aka the point where your mate starts texting “u up?”). And if even that doesn’t hold, we’re talking $107,557-and quite possibly drama in the group chat.
But! If, by some miracle, everyone suddenly decides they actually like the party, price could break resistance and reach a glorious $120,144. That’s right, hope is still alive-like a half-drunk responsible adult, somewhere near the dancefloor.
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2025-08-08 11:40