BTC Crumbles! Chaos in Crypto – Pass the Popcorn 🍿📉

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Oh, do calm down, darling – it’s only a currency crash, not the end of civilization. Though frankly, with the way Bitcoin’s behaving, one can’t help but wonder.

  • Bitcoin, once the toast of every garage-bound genius with a GPU, has once again decided to take a slide down the banister – this time straight through the $109,000 floor. How terribly gauche.
  • Trading below $108,000 and looking as lost as a teetotaler at a Soho bar, it’s now drifting beneath even the 100 hourly moving average – how deeply unfashionable.
  • A rather persistent bearish trend line has now set up camp at $109,400, leering at the market like an unwanted ex from a bad romance novel.
  • Should this tragic little drama continue, $105,000 may soon become the new “cozy basement flat in a questionable postcode.” 🏚️💸

Bitcoin Price Dips Further – Shock, Horror!

Well, bless its digital heart – Bitcoin couldn’t manage to stay above $110,000, which really is the cryptocurrency equivalent of failing to hold a teacup properly. A fresh descent commenced, and down it went – below $109,000, then $108,800 – into the dimly lit realm of bearish despair. Positively tragic.

The fall was so utterly undignified that the price casually shrugged off the 76.4% Fibonacci retracement level, as though it had never even heard of basic numerical decorum. And on the hourly chart? A horrid bearish trend line has reared its ugly head at $109,400, raining on any faint hopes of recovery. Honestly, it’s like watching a rom-com where the couple clearly won’t get back together. 🎭💔

Now hovering below $108,000 – and, frankly, looking a bit peaky – BTC even flirted with the 1.236 Fibonacci extension level. Which, let’s be honest, sounds like a dodgy perfume from a bankrupt department store. 💩

Should the bulls – bless their hearts – attempt a hopeful little rally, they’ll be rudely intercepted at $108,200. The first real challenge? $108,800, where resistance is stronger than my aunt’s views on Brexit. 💣 Then comes $109,500, backed up by the dreaded trend line. Clear that, and perhaps – just perhaps – we might whisper about $110,000 again. And if you’re feeling positively delusional, maybe dream of $111,500 or that mythical land beyond – $112,000. Though darling, keep your expectations low. It’s less “return of the king” and more “comeback tour at a minor casino in Tunbridge Wells.” 🎻

More Losses In BTC? How Predictable.

If Bitcoin continues to sulk beneath $108,800 – and honestly, its moodiness is getting exhausting – down it goes again. Immediate support lurks at $106,200, which is about as reassuring as a hand-knit sweater from an indifferent relative.

The first major support at $105,500 won’t offer much comfort either. Next stop? The $105,000 zone – always reliable, always depressing. Further losses could drag it toward $104,200 – a number so bland it might as well be beige wallpaper. And beneath all this? The grand finale at $103,500, below which recovery would require nothing short of a miracle, or perhaps a viral TikTok from Elon. 🙏✨

Technical Indicators – because apparently, we must pretend this is science:

Hourly MACD – Now waltzing merrily through the bearish zone like a drunk at a funeral. 🕺

Hourly RSI – Below 50, which in romance terms means “not even texting back.”

Major Support Levels – $106,200 (slightly wilted) and $105,500 (basically giving up).

Major Resistance Levels – $108,800 and $109,500 – the twin guardians of disappointment.

So there you have it. Another day, another crypto meltdown. Pass the gin, and for heaven’s sake, don’t tell the investors. They’re already crying into their NFTs. 😘🍸

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2025-11-04 05:31