So, it’s the first day of the week, and what do we have? A lovely little dip in the market. CoinStats says it’s bearish, which, of course, no one saw coming. Well, except maybe… everyone?
BTC/USD
And just like that, Bitcoin (BTC) has decided to take a little walk down the price ladder, dropping 2.8% in the last 24 hours. Nothing to worry about, right? 😒
On the hourly chart, Bitcoin seems to have found some “support” at $106,746. Yeah, support. Whatever that means these days. Who knows, maybe it holds, maybe it doesn’t-it’s all a gamble, right? If it stays there, we might just see a bounce to the $109,000 range soon. Fingers crossed, I guess.
But wait, there’s more-on the long term, it’s looking like the crypto king is closer to the support line than any glorious resistance level. You know, the one that everyone thinks will save them. If it drops further, well, brace yourself for a possible crash to $105,000. It’s like watching a slow-motion train wreck. 😂
From the midterm perspective (which, let’s face it, is as reliable as my uncle’s “get-rich-quick” schemes), the price of BTC is so far from any meaningful levels, it might as well be on another planet. And the volume’s dropped. So, unless you like watching paint dry, don’t expect any major moves before the end of the week.
At the moment, Bitcoin is chilling at $107,876. And, yeah, that could change by the time you read this. Who knows? It’s Bitcoin.
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2025-11-03 17:42