Bitcoin, that fickle lover of the digital realm, now wails beneath $104,200, its tears dripping into the abyss of despair. BTC’s fate hinges on whether it can muster the courage to breach the $103,500 threshold-though the odds are as slim as a monk’s chance with a vodka bottle. 🥵💸
- Bitcoin, in a fit of dramatic flair, has plunged below $103,500, leaving its fans in a state of existential dread. 🧘♂️
- The price now languishes below $103,000, a mere shadow of its former self, while the 100-hour SMA stares back like a disappointed professor. 📉
- A bearish trend line, that relentless nemesis, looms at $102,400, threatening to drag BTC into the depths of the crypto underworld. 🕳️
- If BTC fails to conquer $103,500, it may spiral further, a tragicomedy of losses. 🎭
Bitcoin Price Dips Again
Bitcoin, ever the unreliable friend, faltered at $104,000, triggering a fresh plunge. It slipped below $103,500 and $102,400, entering a bearish purgatory where hope is a distant memory. 🕯️
The decline was so fierce, it even breached $101,200, creating a low at $100,266. Now, it huddles in the shadows, consoling itself with the 23.6% Fib retracement. 🤡
Bitcoin now trades below $103,000, its dignity shattered, while the 100-hour SMA watches like a disapproving parent. If the bulls attempt a recovery, they’ll face resistance at $102,000-a gauntlet of despair. 🐉
The next resistance? $103,500, that elusive mirage. A break above it might spark a fleeting rally, but beware-the $105,500 level looms like a specter. 🕯️
More Losses In BTC?
If Bitcoin cannot conquer $102,400, it may continue its descent, a tragic dance with the abyss. Immediate support? $100,500-a fragile lifeline. 🪢
The next support? $98,800, a distant echo of hope. Should losses mount, the $96,500 zone awaits, a cruel joke for the desperate. 🧙♂️
Technical indicators:
Hourly MACD – The MACD, that steadfast ally of the bears, now gallops in the negative direction. 🐴
Hourly RSI – BTC/USD’s RSI, that fickle friend, now drowns in the 50-level swamp. 🌊
Major Support Levels – $100,500, followed by $100,000. A cruel hierarchy of despair. 🕳️
Major Resistance Levels – $102,400 and $103,500. The gates of the crypto Hades. 🕳️
Read More
- ENA PREDICTION. ENA cryptocurrency
- Will Bitcoin Bounce Back or Just Flop? The Latest Crypto Comedy!
- USD PKR PREDICTION
- FLR PREDICTION. FLR cryptocurrency
- EUR GBP PREDICTION
- TIA PREDICTION. TIA cryptocurrency
- The Miraculous Tale of Pi’s Testnet: DeFi Drama Unfolds 😲
- Gold Rate Forecast
- How a Bitcoin ETF Became a Billion-Dollar Rockstar Overnight (Seriously)
- EUR ZAR PREDICTION
2025-11-07 05:55