Bitcoin’s Rollercoaster: When $75K Looks Like the New Basement & Whales Play Hoarders

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Key takeaways:

  • Bitcoin has slipped below its favorite support line, the MVRV Mean band, suggesting the next stop might be a charming little town called $75,700. Yay, more fun for the bears! 🐻📉

  • Meanwhile, Bitcoin whales are behaving like the hoarders they are, buying up coins faster than grandma stockpiling canned peaches. Wall Street’s loudest say we’re getting a 40% rally before 2025, so presumably, we can all start preparing our victory dances-or at least some popcorn. 🍿🚀

Bitcoin (BTC), that lovable digital rollercoaster, seems to be eyeing a nice, deep dip after casually breaking below a support level that has kept it afloat since the last ice age-okay, early 2023. It’s like the support level just threw up its hands and said, “Fine, I give up.”

Bitcoin price could plunge to $75,700, because why not?

Turns out, the MVRV Extreme Deviation Bands are basically the oracle of whether Bitcoin is too hot to handle or too cold to bother with. The crucial one here is the yellow Mean band, which acts as Bitcoin’s “fair value.” When Bitcoin is above it, everyone’s happy and confident; when below, it’s basically a financial version of “uh-oh.”

Last week, Bitcoin decided to brush past the Mean band-kind of like that rebellious teenager who suddenly dyes their hair and drops out of college. Since then, the price’s been behaving like a soulless balloon deflating after a party.

History has taught us that when Bitcoin loses its “fair value” line, it tends to drift downward toward the teal band at around $75,700, which is approximately 18% south of where it was last seen snuggling with its highs.

If the teal band gets broken, buckle up-next stop: cryptocurrency’s version of the Mariana Trench at about $52,800, echoing all those lovely bear markets of yesteryear (2022, 2021, and 2018-good times). 🎢

Basically, Bitcoin’s personality these days can be described as a “bleeding edge” of a rollercoaster with a psychological twist, having plummeted 30% from its peak of roughly $126,300 and wiping out its gains faster than you can say “summertime sadness.” ETF investors? Yeah, they’re getting a taste of that bitter loss, first time ever. Cheers to progress. 🍻

Will Bitcoin bounce back like it’s got a spring-loaded ego? Perhaps.

According to the cryptic on-chain data, the whales are quietly hoarding coins like it’s Black Friday at the yacht dealer, lending some credence to the idea that the floor might be near.

Analysts, including Matt Hougan of Bitwise, are basically doing the ‘waiting for the bounce’ dance, calling it “a great long-term buy,” which is the financial version of “stay calm and carry on.”

And guess what? Tom Lee, the guy with the fancy hair and big predictions, thinks Bitcoin will hit a record high before Santa arrives, promising at least a 40% comeback from these gloomy prices. Maybe Santa’s bringing better charts this year after all! 🎅📈

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2025-11-18 23:44