BTC’s Descent into Madness: Will $94K Save Bitcoin or Send It to Hell? 🔥💸

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In the abyss of despair, where hope flickers like a dying star, Bitcoin descends into the $94K-$96K chasm-a realm of macro demand, where the ghosts of failed trendlines haunt its every step. The market now stands at a precipice, trembling between salvation and ruin, as if awaiting the judgment of some cosmic ledger. Shall it rise, a phoenix from the ashes of accumulation, or crumble further, a sinner condemned to the depths of correction? The answer lies in the trembling hands of fate-or perhaps, the algorithms of the damned.

Technical Analysis

By Shayan

The Daily Chart

BTC, that tormented soul, lingers beneath the 100-day and 200-day moving averages-specters of the past, now transformed into phantoms of resistance. The 100-day MA, once a bastion of $110K, crumbled like a house of cards, unleashing a torrent of despair that swept away the $99K-$100K liquidity cluster. A displacement candle, that cruel jest of fate, bore witness to the sellers’ dominion, dragging the asset into the lower echelons of its multi-month distribution purgatory.

The $94K-$96K demand block now beckons, a siren song for the desperate. Here, long-term participants once danced in the shadows, accumulating with fervor. Should BTC stabilize, it may yet find solace in this zone-a fleeting sanctuary. But should it falter, the $80K-$82K abyss awaits, a chasm where even the most hardened optimists would weep into their charts.

The 4-Hour Chart

Behold the 4-hour chart, a tragic tale of a rising wedge shattered, its remnants scattering like autumn leaves. The retest of $106K-$108K, once a bastion of hope, became a mirror of despair, reflecting the market’s transition from support to resistance. The selloff that followed-a doomsday clock ticking toward $94K-$96K-reveals a historically reactive zone, where reversals have birthed both miracles and massacres. Yet, the structure remains heavy, burdened by the weight of unfulfilled promises.

To reclaim $101K-$103K, the market must defy gravity itself. For now, it clings to the edge, a drunkard’s stumble toward salvation-or oblivion. Observe the image, a canvas of despair, where the artist’s hand seems to mock humanity’s futile struggle for control.

On-chain Analysis

By Shayan

The UTXO age bands whisper secrets of investor souls. Below $105K-$110K, the 1-3 month and 3-6 month cohorts weep in aggregate loss, their realized prices now transformed into a “realized supply”-a band of vultures waiting to feast on any recovery attempt. These frail souls, driven mad by breakeven dreams, shall descend upon BTC like locusts, devouring every upward breath.

Yet, the 6-12 month cohort, those resilient spirits, stand firm at $94K-$96K, their realized price a shield against the storm. They, the steadfast, have weathered corrections before, absorbing the panic of the weak. But should BTC fall beneath this sanctum, the infernal bands of realized supply shall reign, forcing a reckoning with the abyss itself.

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2025-11-15 19:41