Bitcoin Roller Coaster: Will It Soar to $150K or Plummet Like a Rock? 🎢💰

by

Key point:

  • BTC‘s takin’ a wee breather, but I reckon those buyin’ spirits might hold steady ’round $113,000.

Well, well, well! Bitcoin (BTC) decided to trot back after reachin’ a dizzyin’ height of $123,218 on a fine Monday morning, suggestin’ that some folks just couldn’t resist the sweet siren song of profittin’. The pullback’s lookin’ more technical than sentimental, as the demand remains as solid as a rock in a riverbed. As per the good ol’ folks at BitcoinTreasuries.NET, them Bitcoin treasury companies scooped up 159,107 BTC in the second quarter, like kids grabbin’ candy on Halloween. 🍬

And let’s not forget our industrious retail investors who are equally keen not to be left in the dust. Bitfinex market-watchers declare that demand from our little aquatic pals—Shrimps (<1 BTC), Crabs (1–10 BTC), and Fish (10–100 BTC)—is catchin’ a big wave at 19,300 BTC each month. That’s a whole lot more than the mere 13,400 BTC sloshing about since the April halving, good heavens! 🐟

Now, the big question sittin’ like a cat on a hot tin roof: Could those raucous demand waves from both the posh suits on Wall Street and the little fish folk push BTC toward the shimmering shores of $150,000? Let’s pull out our magnifying glasses and dissect these charts! 🔍

BTC price prediction

By the looks of things, BTC’s havin’ itself a lil’ correction that might just tug it right back to that neckline of the inverse head-and-shoulders pattern sittin’ pretty near $113,000.

With that upslopin’ 20-day exponential movin’ average (sittin’ ‘round $112,390) and the relative strength index (RSI) sittin’ in the overbought zone like a lazy cat, it looks like buyers are still in the game. Should the price give a nice little bounce off this moving average, expect them bulls to stampede above $123,218. If they pull it off, we could be seein’ a spirited rally toward that elusive $150,000 mark. 🚀

On the other hand, if the price decides to play coy and breaks below that 20-day EMA, we might see momentum comin’ apart at the seams. That would likely lead to a tumble right down to $107,794, and folks, that ain’t a ride anyone wishes for. 😬

It seems our pair here has taken a dip below that 20-EMA on the 4-hour chart, suggestin’ a touch of weak knees in the short term. Buyers are wrought with determination to kick off a relief rally, though they might just encounter some pushback at the 20-EMA. If the price takes another downward turn from here and slips below $115,000, we might as well hold on to our hats, ‘cause it’ll head straight for that neckline. 🎩

Buyers are likely to defend their turf between the neckline and $110,530 like it’s a prized pig at a county fair. Should the price bounce back and breach above that 20-EMA, it signals the bulls might just be rallyin’ back to town! In that case, we could be on our way to $123,218 again.

However, if the price wanders off astray and dips below $110,530, hold onto your horses! We might be lookin’ at a slide down to $108,000 and then even lower to $105,000. The deeper they dig, the longer we all wait for that next leg upward in this wild journey.

Read More

2025-07-15 21:34