Bitcoin’s Doomed Descent: Will This Timeless Crypto Collapse Into Oblivion? 💀

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Dear reader, witness the spectacle of Bitcoin’s latest performance-a tragicomedy of errors, where the script is written by market forces with all the subtlety of a sledgehammer. Our protagonist, BTC, staggers onward, its bullish vigor extinguished like a candle in a hurricane. Last week’s feeble attempt to breach $95K? A farce. Sellers now waltz in, twirling their mustaches, as the price spirals into a chasm of despair. On-chain signals? Oh, they’re screaming, but who’s listening? 🚨

Technical Analysis

By Shayan, the bard of bear markets

The Daily Chart

The daily chart reveals BTC trapped in a descending channel-a prison of diminishing returns. Its recent flaccid flirtation with $95K? A cruel joke. The bears, ever the gentlemen, politely declined. Now, the coin meanders lower, leaving a trail of tears in its wake. The 100- and 200-day MAs loom above like disapproving chaperones, while the RSI wallows below 50, a pathetic invalid. Should $88K crumble, brace for a plunge to $80K. But fret not! This is merely a “dead-cat bounce” masquerading as hope. 🐱🪂

The 4-Hour Chart

Zooming in, BTC bounces off a trendline-how thrilling! Yet, it’s about as convincing as a mime in a hurricane. Each rally weakens, a pantomime of desperation. The $95K level? A Maginot Line for the crypto faithful. A break below $88K would spell calamity, unleashing a cascade to $84K or that ol’ faithful, $80K. Momentum? As sluggish as a sloth in a sauna. 🐌

On-Chain Analysis

Bitcoin Adjusted SOPR

Behold, the aSOPR teases 1.0-a threshold of tears. Below it lies capitulation, where hodlers weep into their keyboards. A drop below 1.0? Panic selling! A fire sale! But fear not, dear speculator-for every capitulation, a rebound lurks. Just pray it finds the $80K-$82K zone, where buyers lurk like vultures. 🦉

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2025-12-15 17:52