Oh, Bitcoin, you dramatic queen. 👸✨ You’ve gone and done it again, haven’t you? Plunging below the $100,000 mark like it’s a Black Friday sale and you’re the last pair of discounted Louboutins. As of now, you’re sitting pretty (or should I say, ugly) at $97,100, down 6% in the last 24 hours. Ouch. That’s gotta sting more than a paper cut on your tongue. 😣
Meanwhile, the sellers are having a field day, cackling like villains in a low-budget soap opera. 📉 Traders are clutching their charts like they’re Rosetta Stones, trying to decipher if this is the bottom or just another pit stop on the way to financial oblivion. Spoiler alert: no one knows. 🤷♀️
The $107K Resistance: Unbreakable or Just Stubborn? 🧱
Remember that $107,000 zone? Yeah, it’s still acting like the bouncer at an exclusive club, turning Bitcoin away like it’s wearing flip-flops. Michaël van de Poppe (yes, that’s his real name) pointed out that the rejection sent BTC tumbling below $100K faster than a bad first date. To turn this trend around, he says, BTC needs to reclaim $100,700. Good luck with that. 🍀
“Rejection at $107K triggered a potential test on the downside. That took place. Now, it lost the $100K area and took all the liquidity beneath the lows for #Bitcoin. It’s not great, and the trend (lower timeframes) is down.”
– Michaël van de Poppe (@CryptoMichNL) November 13, 2025
Daan Crypto Trades (another name that screams “I’m serious about this”) noted that BTC has broken below the June low of $98,000. Oh, and it’s lost both the daily 200EMA and 200MA. Big deal, right? Apparently, traders and funds care about these things. Who knew? 🤓 Also, spot selling is picking up, with 14 consecutive 15-minute red candles. That’s more red than a Valentine’s Day card gone wrong. ❤️🔥
On-Chain Data: Thin Support or Just Thin Air? 🌬️
Glassnode’s URPD chart is here to tell us that most BTC was last moved around $95,930, with 230,728 units chilling there. That’s now the major support zone, apparently. Ali Martinez (market analyst extraordinaire) says the next key levels are $82,045 and $66,900. Fun fact: there’s a lot of UTXO activity there. Because, you know, nothing says “stability” like a bunch of coins changing hands. 🤪
Between $95,930 and $82,000, there’s less on-chain activity, which means fewer holders have skin in the game. So, if support breaks, the price could drop faster than my motivation on a Monday morning. ☕
Crypto Patel (yes, another one) chimed in, saying BTC dropped as expected after retesting the $106K-$107K zone. Now, the 0.5-0.618 Fibonacci range is key. If it fails? Well, BTC could slide below $80K. Great. Just what we needed. Another cliffhanger. 🎢
“If it fails, BTC could slide below $80K.”
Oh, and let’s not forget the $94,000 area. It’s aligning with the 66-week exponential moving average and an unfilled CME futures gap. Because, of course, gaps are like that one friend who always shows up late-they’ll fill eventually. ⏳
Whales and Miners: The Dynamic Duo of Selling Pressure 🐳⛏️
Large BTC holders (aka whales) have started moving their coins to Binance. Inflows were quiet for months, but now they’re back with a vengeance. Miners, not wanting to be left out, have also ramped up their exchange activity. Together, they’re keeping the price weaker than a decaf latte. ☕💔
So, is this the bottom, or is Bitcoin just getting started on its rollercoaster of chaos? Only time will tell. In the meantime, grab your popcorn and enjoy the show. 🍿🎬
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2025-11-14 11:31