BTC’s $116K Mirage: A Tale of Hope and Hype 🚀💸

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O, poor, beleaguered Bitcoin! Thy price hath fallen like a sack of potatoes from a cart, yet still dost thou cling to the hope of $116K, a mirage as elusive as a widow’s tears in a storm! 🧙‍♂️

Behold, the technical signs-ah, they whisper of a reversal, as though the market were a fickle lover who promises marriage but delivers only a loaf of bread. Analysts, those modern-day prophets, watch with bated breath, their eyes gleaming like coins in a dark alley. 🕵️‍♂️

Momentum Divergence: A Curious Phenomenon

Javon Marks, that sage of the 4-hour chart, doth unveil a regular bullish divergence, where the momentum oscillator behaves like a rebellious child, refusing to cry. “Higher lows!” he proclaims, as if the market were a tavern where the ale flows endlessly. 🍺

$BTC continues to maintain a huge Regular Bull Divergence with momentum oscillators.

The data is suggesting a recovery $116,000+.

– JAVONMARKS (@JavonTM1) November 19, 2025

Bitcoin, that sly fox, now lounges at $89K, down 1% like a man who lost his hat in a hurricane. Over seven days, thou hast plummeted 13%, yet still, the dream of $116K lingers, a ghost in the machine. 🕯️

$93,100 Resistance: A Test of Faith

Lennaert Snyder, the skeptic with a short bias, doth watch as Bitcoin climbs toward $93,100, a mountain that refuses to yield. “Unless thou dost close above, I remain short-biased,” he warns, as if the market were a stubborn donkey. 🐴

“I prefer a strong wick on the bottom and a reversal after,” he posted.

With US NFP data looming, the market shall dance like a drunkard in a storm. Titan of Crypto, that prophet of cycles, sees echoes of 2021-2022, where bearish divergences marked tops and hidden bullish ones heralded bottoms. A tale as old as time! 🌀

On-Chain Loss Data: A Tragic Comedy

Bitcoin’s realized loss margin hath sunk to -16%, a number so dismal it would make a funeral director weep. “Many traders exit deep in the red,” sighs the text, as if the market were a tragic opera. 🎭

Meanwhile, the realized price hovers near $114K, a gap of unrealized losses as wide as the Black Sea. If history repeats, a recovery may come, but only if the macro trends allow. And what are those? Rising yields in Japan and US bank stress-ah, the joys of capitalism! 🇯🇵🏦

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2025-11-20 20:47