Oh, Bitcoin, you flaky digital currency, always reminding us of that time we put our avocado toast on a credit card instead. With a failed recovery above $105,000, BTC decided to take it down a notch and is now proving that when it comes to stability, it’s more reliable than my ex’s promises to “get the cable guy.” 📉
- Like a scene out of “The Bachelor,” Bitcoin rejected $105,500 and started a fresh drama with even lower prices.
- The price is swooning below $105,000 and the 100-hour Simple Moving Average, which-fun fact-could totally be the emotional equivalent of being ghosted.
- A bearish trend line with resistance at $103,300 is forming; honestly, the chart looks more dramatic than anything you’ve seen on a reality TV finale! (Chart source: Kraken).
- If Bitcoin loses its marbles below $101,200, we’ve got a crying face emoji on the way. 🥺
Bitcoin, in its infinite mood swings, couldn’t hold on past the $105,500 pivot level. The bears got involved-probably because the Bitcoin market noted they needed more than their disappointed friends for support. After reaching a casual high of $107,400, BTC then looked at $105,000 and said, “Nope, not me, I’m going for broke to below $104,000.” Meanwhile, the 100-hour SMA and a very smug bearish trend line at $103,300 were just laughing at it, like they knew something we didn’t.
If someone could please give Bitcoin’s bullish confidence a comical boot, it might see $102,500 as resistance, with more charming levels like $103,250 and $103,500 waiting with open arms. However, should BTC decide to behave, a close above $103,500 could see it dreaming big-tampering with $105,000 again. Spoiler alert: There are even higher hopes at $105,500, $106,800, and $107,000. Spoilers, shmoots-I’m betting real money that this will not happen.
But, lo and behold, if Bitcoin can’t even rise above $103,500, it might just lay into it all like it did with last month’s romantic gestures (also: nonexistent). Mobilizing shakily toward $101,200 and the 76.4% Fib retracement level (is that like when you “just bought it” but really just stole it?), the moment of truth comes near $100,500. And then there’s the $100,000 zone, but really, is anyone surprised? A little further tumble might land BTC in the $98,800 playground. Sitting at the bottom of the pit, the $96,500 level provides a major emotional support… classically a setup for a tear-jerking scene. 😭
Technical indicators:
Hourly RSI-Yeah, it’s taking a downward spiral under 50, because even simple numbers know that Bitcoin is having one of those days.
Hourly MACD-Looks like the bearish zone’s version of trend-setting is steadily increasing in momentum. MacDropping knowledge here, folks. 💡
Major Support Levels-$101,200 and the ever-resilient $100,500. Call us biased, but we think these are underdogs worthy of applause.
Major Resistance Levels-Toweringly set at $103,250 and $103,500.-Oh, the dreams they bring. 🏰
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2025-11-13 05:35