Will Bitcoin’s Price Ever Stop Playing Hard to Get? Find Out Now!

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Ah, the world of cryptocurrency, where the only thing more volatile than the prices are the emotions of the traders. It seems that today, according to the ever-trustworthy CoinStats, the value of most coins is on a downward spiral. But don’t worry, we’re sure tomorrow will bring new drama. 😏

BTC/USD

Well, well, well, Bitcoin (BTC) has had a minor tumble, dropping by a mere 0.43% in the last 24 hours. We’re sure it will bounce back, just like that friend who promises not to cry over the smallest things. 🙄

If we consult the hourly chart (and let’s be honest, who doesn’t love staring at charts for comfort?), it appears that BTC has broken its previous support of $104,426. But hold your horses, dear reader! The real test will be in how the daily bar closes. If it does so with a long wick and strays far from the mark, then we may have to postpone this correction. Fingers crossed, right? 🤞

Looking at the broader picture (because, naturally, we love to zoom out and make things sound more important), Bitcoin is now comfortably nestled in the middle of the channel. The support is at $1.3,675, and resistance is hanging out at $106,329. With no clear dominance from either side, it’s safe to say we’re not in for any drastic moves this week. Probably just more of the same—suspenseful, yet uneventful. 🙄

From the medium-term perspective (because who doesn’t love a good term in finance?), Bitcoin is still riding the waves of the previous weekly bar. The volume is suspiciously quiet, which can only mean one thing: more sideways trading at the current price. How thrilling. 😅

As of now, Bitcoin is trading at $104,576. If you’ve been holding on, well, congratulations on surviving another day of crypto drama!

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2025-06-05 18:42