Ah, the digital currency, that glittering illusion we call Bitcoin-what a wretched spectacle it puts on for us mortals! It has tumbled more than 13% over this fleeting week, slinking now under the $105,000 mark, as if the markets, in their infinite wisdom, have turned their gaze to the archaic charms of gold, while all risk assets bow their heads in correction. Yet, oh irony of ironies, some traders-those eternal optimists, or should I say, fools?-whisper of opportunities to plunge back into the abyss.
The price hovers around $105,000 at this writing, according to CoinGecko’s indifferent charts. Analyst Michaël van de Poppe mocks the fading spotlight on Bitcoin, yet proclaims the current pit a “buy the dip” paradise. 😂
“In these ranges, it’s getting into buy the dip area,” he scrawls on his virtual parchment.
A verdant zone between $106,000 and $104,000 beckons as entry, or so they claim, having propped up past slides like a crumbling dam. Should it slip further, watch $103,190 and $100,700-oh, the decadent dance of digits! 📈
To ascend, van de Poppe decrees, Bitcoin must conquer $112,000, aligning with resistance at $111,900. Breach that, and it could rocket to $119,500, then flirt with all-time highs again-such hubris in these human contraptions! ☠️ A blood-red void near $120,000 must be exorcised for any pretense of progress.
The 21-Week EMA: Tyrant’s Shadow or Savior?
Upon the weekly scrolls, Bitcoin languishes beneath the 21-week EMA, that tyrannical moving average which once cushioned uptrends. Analyst Rekt Capital frets that a weekly close above it is essential lest the structure shatter like a prisoner’s fragile dreams. 😏
#BTC
Bitcoin is currently deviating below the 21-week EMA (green) and will need to Weekly Close above it to sustain it as support$BTC #Crypto #Bitcoin
– Rekt Capital (@rektcapital) October 16, 2025
A vast demand zone, $93,000 to $108,000, looms-a previous lair before this year’s bullish charade, full of wishful consolidations. 🚔
Volume Swells Amidst the Fall: A Symphony of Despair
Trading volume surges, a morbid crescendo, peaking its weekly zenith since March, as CryptoPotato laments. Amidst the descent, participation booms, even near that precarious support-how ludicrously resilient our greed! Meanwhile, Gold hoards capital, and economist Peter Schiff sneers at Bitcoin’s dip as a “warning,” heralding gold’s smug superiority. 😂📉
Bitcoin teeters in limbo, its keepers eyeing $112,000 and $104,000 for salvation-or further torment. In this cyber archipelago of speculation, who dares to laugh last? 😜
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2025-10-17 21:40