BTC Plummets! 😱 Is this the end?

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A Most Peculiar Affair of Bitcoins

Concerning the Descent Below Ninety Thousand

Ah, yes, the Bitcoin. A phantom, a digital chimera… and lately, a most precipitous fall! It seems the air itself has grown thin with fear, and bids are scarcer than honest officials. The support, you see, has… well, it’s simply evaporated. Like a puddle in the August sun.

Do the Long-Term Holders Offer a Lifeline?

A little, perhaps. Like a kindly uncle offering a kopek to a beggar. These “LTHs,” as they call them, are attempting to purchase the dip, but alas, the panic of the short-sighted is a powerful beast, easily overpowering any sensible support. It’s a most disheartening spectacle! 🙄

The Bitcoin [BTC] has dared to descend below the ninety thousand mark-a depth not seen since the spring! Such turbulence… it stirs the soul, doesn’t it? Though perhaps not for those who have invested their life savings.

These long-term holders, these stoic LTHs, they venture forth to buy, but the next move? Ah, that depends on whether BTC can defend its key levels. A desperate struggle, I assure you!

And the CVDD? Don’t even ask! That buy zone sits at a most inconvenient distance, down near forty-five to fifty thousand. Room for both recovery and a complete reset, you see. A delightful tension, wouldn’t you agree? A constant state of agonizing uncertainty! 🤪

The Crash and the Lamentations

In the last twenty-four hours, Bitcoin has broken below ninety thousand, continuing a decline that has been brewing for a regrettable week. The hourly chart? A tapestry of red candles, each one a tiny lament for lost fortunes. Volume picks up, of course- as vultures circle.

The RSI has plummeted into oversold territory, near twenty-four… a truly depressing number! And the CMF? Below zero, naturally. The market leans heavily towards the sellers, with buyers offering only fleeting, desperate gestures.

A certain Herr Ehsani, CEO of VALR (a name if ever there was one!), informed us, with a solemn air:

“Bitcoin remains under significant pressure following a sharp decline that began on November 11th. Over the past week, the asset has lost more than eleven percent of its value, falling to levels last seen in the spring.”

But There Is More! (Of Course, There Is!)

Recent data reveals a rather startling spike in LTH demand during this downturn. As if they sense an opportunity to feast on the misfortune of others! Accumulation by these “permanent holders” has surged to levels unseen before major rebounds – while the short-term traders, predictably, continue to sell in a panic.

Long-term capital, you see, treats this correction as an invitation, not a warning. Most illogical!

Near-term sentiment? Shaky, to say the least. The buildup has been so significant that even the most cautious investors are venturing forth, as if compelled by some unseen force.

Herr Ehsani further lamented:

“The coming weeks will be turbulent. Instability in the technology sector and the lack of macroeconomic benchmarks create a backdrop of uncertainty. Nevertheless, some major players reserve the right to cautious optimism: the current period is the autumn season of the four-year cycle.”

Levels to Observe (With a Distant, Weary Gaze)

With volatility rising and these LTHs quietly moving about, the market now fixates on the price levels that matter most. Though I suspect it will only lead to disappointment.

According to Herr Wedson, CEO of Alphractal (another formidable name!), Bitcoin’s first critical line is the Active Realized Price at eighty-nine thousand, four hundred. A zone already being…tested, shall we say.

Below that looms the True Market Mean Price at eighty-two thousand, four hundred-a level that once offered support, but now appears as fragile as an old woman’s hope.

For the reckless and daring, Herr Wedson suggests potential entries near eighty-nine and eighty-two thousand, but with stops set tight. A gambler’s proposition, if ever there was one!

And if the downturn deepens… well, then the long-term CVDD buy zone (around forty-five to fifty thousand) becomes the last refuge, where true cycle-bottom demand might, might, return. It’s all a most peculiar spectacle, don’t you think? 🙄

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2025-11-18 10:30