Oh, what a sorry spectacle it’s been in the Land of Bitcoin, dear reader! If you blinked, you probably missed any excitement, because Bitcoin’s been loafing about, lying on the couch in its pyjamas, binge-watching reruns between $103,000 and $106,000. Sure, it danced up to $108,000 earlier this week—probably by accident—but mostly it’s been about as lively as cold custard.
Yes, our beloved crypto king has clung dearly to the psychological $100,000 like a toddler refusing to let go of their teddy bear, but building real momentum? Ha! Not a sausage. The latest on-chain gossip has analysts scratching their heads and muttering, “What on earth is Bitcoin waiting for, a golden invitation?!”
A $95,000 Barrier Made of Bricks, Marshmallows, and Technical Jargon
Enter Burak Kesmeci, the Sherlock Holmes of crypto (minus the deerstalker), who declared on X—because Twitter is so 2022—that Bitcoin might tumble down the slide to $93,000–$94,000 soon. Why? Because his magical toolbox burped out some technical mumbo-jumbo: something about Fixed Range Volume Profile (try saying that three times fast)—a mystical zone around $95,000, where buyers and sellers wrestle for dominance like sumo wrestlers covered in maple syrup.
According to Kesmeci, the FRVP intensive swap level sits stubbornly at $95,000, acting like a doorman at an exclusive club: “Not wearing shoes? Can’t come in.” If Bitcoin slips below, expect the market to act like a toddler who’s just been told no more chocolate—tantrums and lots of selling.
Next up, the 50-day Simple Moving Average (that’s SMA50 for the acronym aficionados) is just lazing about near $105,000. If Bitcoin closes below it (again!), it could mean a slippery slide down for our digital darling. Kesmeci seems to think it’s a bit like missing the school bus—once you’re past it, you’re not catching up easily!
The Relative Strength Index, or RSI (which sounds like a wrestling move), is looking as limp as a day-old lettuce, sitting below 50 and the 14-day SMA. Kesmeci sighed and pointed out the RSI making lower lows—it’s practically digging a tunnel at this point, burrowing to where the sun don’t shine. In short, buyers have left the building and the sellers are having a rowdy party. 🥳
Why $94,000? Spoiler Alert: It’s Not for the Free Snacks
So, what mystical powers does $94,000 possess? According to Kesmeci and his trusty FRVP, it’s the Value Area Low (a fancy name for “things get interesting here!”), ready to act like the sturdy matron of the market, catching Bitcoin on its way down and maybe giving it a stern talking-to.
Plus, just to add some spice, the 200-day Simple Moving Average (SMA200 if you’re collecting acronyms) is cozied up at almost $95,000. Kesmeci reckons that if you’re hanging around for a bargain, this support zone might just be where to find it. Maybe even with a side of drama.
As of this astonishing moment, Bitcoin is sulking around $101,596, down 1.3% in 24 hours. Not exactly the stuff of Willy Wonka’s wildest dreams, but you know what they say in crypto—expect the unexpected (and keep your fizzy lifting drinks handy). 🚀💸
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2025-06-22 23:02