Okay, so here’s the deal:
- Apparently, these “Bitcoin bulls” – whatever *that* is – are trying to break some kind of…level. $122,056. It’s a number! 🙄
- If they actually *hold* it, people think it’ll jump to $140,000. Like anyone knows. It’s all just guessing, right?
- Inflation numbers coming out, which, you know, could mess things up. But, whatever. They still think the Fed will cut rates. Great.
What I’m supposed to tell you:
BTCBTC$121,892.33◢3.28%
Bitcoin. Right. These people are always talking about Bitcoin.
So, they hit $122,056. Which is…something. They call it testing a “Fibonacci extension.” Sounds like a math problem I failed in 7th grade. From 2018 and 2022. Why those years? Don’t ask me. 🤷
They tried this before, last month. Didn’t work. Prices went *down*. Like, duh. And now they’re trying again. It’s…optimistic. 🤪
If they actually *stay* above that number, they think it’ll go to $140,000. Because of “call options.” Whatever. There’s like, $3 *billion* riding on this. Three billion! It’s insane. Absolute madness. And if it doesn’t work? Well, then it’ll go down. Shocking, I know.
As of now, it’s at $122,000. It went up to $122,171. For like, a minute. Progress! 👍
The Inflation Thing
Now they’re worried about inflation. Apparently, Trump’s tariffs are coming back to haunt us. Of *course* they are. It’s always something.
They think the inflation rate will go up a little bit. 0.3%. It’s a tiny number. But it’s enough to cause panic, apparently. They’re using words like “volatility.” It’s just…a lot.
Some guy, Marc Chandler, says it won’t stop the Fed from cutting rates. Because…reasons. And the dollar will keep going down. Which is good for Bitcoin. Or something. I’m losing track. 🤯
And July’s job report was “significant.” Everything’s “significant.” It’s exhausting.
Read More
- Brent Oil Forecast
- CNY RUB PREDICTION
- 🚀 Trump Ends Shutdown, Crypto Soars: Is This the Dawn of a New Era? 🤑
- 🚀 Crypto ETF Hits Wall Street: Your Wallet’s New BFF! 🤑
- JPMorgan Boosts Core Scientific’s AI Push with $500M, Total Financing Hits $1B
- Stablecoins Surge: A Most Peculiar Affair of Digital Pounds and Pence 💰
- Bitcoin’s Wild Ride: Fed Drama & Crypto Chaos! 🚀💸
- Trump’s Tariff Tsunami: Crypto Crashes, Markets Panic!
- Crypto Apocalypse: Bitdeer’s Betrayal, Trump’s Tariffs, and Vitalik’s ETH Escape!
- Bitcoin’s Future? Watch the CME Curve Collapse and See How Deleveraging Dances on a Tightrope!
2025-08-11 08:35