Bitcoin’s Descent Into Madness: $87K or Redemption? 🚀🐻

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In the shadow of a ledger etched by time, Bitcoin stands at the crossroads of chaos and hubris. A veteran trader, Josh Olszewicz (CarpeNoctom), whispers of a “megaphone” of madness-a cacophony of rising resistance and crumbling support lines since July. “BTC complex iHS brewing in the megaphone,” he wrote on October 30, 2025, as if foretelling the collapse of a civilization built on candlestick patterns. “Also this brewing, not great.” One might ask: What is great? A $126K spike followed by a nose-dive to $102K? A wick that dared to reach for the stars but recoiled like a drunkard from a bar fight? 😂

Olszewicz, our modern-day Cassandras with a Bloomberg terminal, sketches a yellow path from $111K to $116K-a Sisyphean climb toward “relief,” not salvation. The bulls, he admits, are still clinging to the delusion of a “complex inverse head-and-shoulders,” while the bears chuckle at the daily chart’s head-and-shoulders top, a grotesque parody of balance. The key? A neckline at $105K-$106K, a fragile thread holding back the abyss. Break it, and Bitcoin may yet rediscover the $90Ks and $87.6K-prices so humble, they’d make a goldbug weep. 💸

The market, as ever, is a theater of absurdity. Resistance layers at $115K and $124K loom like phantoms, while Olszewicz’s teal targets-$93K and $87.6K-gleam with the promise of a “measured move” downward. One wonders: Is this a chart or a satire of capitalism? A daily breakdown through $107K would confirm the bearish structure, a grim ballet of numbers and despair. The bulls, meanwhile, cling to the dream of a new all-time high, a mirage shimmering at $128K. But in this tale, the only surety is the inevitability of collapse. 🐻

At press time, BTC traded at $110,096-a number so mundane, it could be the cost of a loaf of bread in a dystopian future. The megaphone still blares, the neckline still wobbles, and the eternal question remains: Will Bitcoin find redemption or become the punchline of a joke no one understands? Only time-and perhaps a few more candlesticks-will tell.

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2025-10-30 15:07