Bitcoin: The Rollercoaster Ride to $95,000 – Hold On Tight! 🎢💰

by

Ah, Bitcoin! The digital currency that has more ups and downs than a toddler on a sugar high. Technical wizard Tony Severino has spotted a bullish pattern that suggests BTC might just be gearing up for another thrilling ascent. But wait! Before you start dreaming of Lamborghinis, he also warns that Bitcoin could plummet below the $100,000 mark, possibly landing at a mere $95,000. Talk about a rollercoaster! 🎢

Bitcoin Weekly Chikou Span: Uptrend or Downtrend? 🤔

In a recent post on X (formerly Twitter, because why not?), Severino pointed out the Bitcoin weekly Chikou, which he claims paints a rosy picture for BTC. Apparently, this pattern has retested support at the candlesticks, and there’s hardly any overhead resistance left. Meanwhile, the Tenkan-sen and Kijun-sen have decided to cross paths in a bullish embrace. How romantic! 💕

However, our dear Kijun-sen is still just hanging out, trending sideways like a bored teenager. But fear not! Severino assures us that the BTC price is above both spans, which he deems bullish. Overall, he’s feeling optimistic about the weekly outlook for our beloved crypto. But, in a plot twist worthy of a soap opera, he also mentions that this same picture leaves room for a drop to $95,000 this week. So, anything can happen! 🎭

Now, let’s talk about the wild ride Bitcoin has been on lately, thanks to the delightful chaos of Israel-Iran tensions. On June 17, Bitcoin took a nosedive to $103,000, all because the US was contemplating joining Israel in a not-so-friendly game of geopolitical chess. Who knew that international relations could affect our crypto dreams? 😱

And just when you thought it couldn’t get any more exciting, the BTC price is on edge ahead of the FOMC meeting today. According to CME FedWatch data, there’s a staggering 99.9% chance that the Fed will keep interest rates unchanged. But everyone is on the edge of their seats, waiting for Fed Chair Jerome Powell’s speech, hoping for a hint about potential rate cuts later this year. Meanwhile, the Middle East is driving oil prices up, which could lead to inflation rising again. It’s like a financial soap opera! 📈

BTC Must Hold Above $104,000 – No Pressure! 😅

In another thrilling post, crypto analyst Titan of Crypto has declared that BTC needs to hold above the major support level of $104,149 for a potential bounce back. This revelation comes as he reveals that Bitcoin has landed on a key Ichimoku support. Apparently, BTC is now testing the Kumo cloud, and its thickness suggests strong support. Who knew clouds could be so supportive? ☁️

Meanwhile, crypto analyst Kevin Capital has issued a warning to market participants: stay cautious as long as BTC remains below $106,800 on the 3-day and weekly closes. He hinted at failed breakouts, suggesting a potential top for Bitcoin, but didn’t provide a target for how low our flagship crypto could drop. Thanks for the clarity, Kevin! 🙄

As of now, Bitcoin is trading at around $105,500, down almost 2% in the last 24 hours, according to CoinMarketCap. So, buckle up, folks! It’s going to be a bumpy ride! 🚀

Read More

2025-06-18 21:14