Bitcoin, that enigmatic digital rollercoaster, is once again wobbling like a drunk tightrope walker above the $112,000 mark. If it trips below $110,800, well, let’s just say the bulls might need therapy.
- Bitcoin, in its infinite wisdom, decided to nosedive from the $113,200 peak-because why not?
- Currently trading below $111,500 and the 100-hour moving average, which is basically the financial equivalent of walking under a ladder.
- There’s a “bullish trend line” forming at $111,000, which sounds fancy but could just be a drunk crayon drawing on a Kraken chart.
- If Bitcoin stays below $112,500, prepare for another episode of “Cryptocurrency: The Tragic Saga.”
Bitcoin: Still Flirting With Disaster
After a brief recovery from the $110,100 abyss-where it presumably met the ghosts of failed altcoins-Bitcoin clawed its way past $110,800 and $111,500. But just as it reached $113,200, the bears showed up like uninvited in-laws, crushing dreams faster than a Twitter hack.
Now, Bitcoin is sulking below $111,500, clinging to a “bullish trend line” at $111,000 like a koala to a eucalyptus tree. Resistance looms at $111,700, followed by $112,000-a level so important it gets its own Fib retracement fanfare.
If Bitcoin somehow defies gravity and clears $112,300, it might actually moon (or at least reach $113,200). Beyond that lies $115,000-the land where Lambo dreams are made. But let’s be real: this is Bitcoin we’re talking about. It could just as easily faceplant.
Or… Will Bitcoin Pull a Wile E. Coyote?
If Bitcoin fails to conquer $112,300, brace for impact. Support at $111,000 is as reliable as a weather forecast, followed by $110,800 and $110,200. Below that? Well, $108,800 is waiting, and if things really go south, $107,500 could turn into a black hole.
Technical indicators (aka “financial tea leaves”):
- Hourly MACD – Losing steam in the “bullish zone,” which is code for “running out of caffeine.”
- Hourly RSI – Below 50, meaning Bitcoin is officially in the “meh” zone.
- Major Support Levels – $111,000 (the koala branch) and $110,200 (the safety net made of tissue paper).
- Major Resistance Levels – $112,000 and $112,300 (the gates to Valhalla, or just another trap).
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2025-09-10 05:31