Hey, crypto nerds! Brace yourselves, because Bitcoin is about to do a nosedive that will make you wish you invested in Beanie Babies instead. 📉 😂
BTC/USD
In the last 24 hours, Bitcoin has plummeted by a whopping 2%. That’s like watching your investment evaporate before your very eyes. 😵
On the hourly chart, it’s not looking any prettier. Bitcoin is hanging out right above a support level that’s about as sturdy as a wet noodle. 🍜
If things stay this depressing by the end of the day, we might see Bitcoin break through that support level and say hello to the $101,000 zone. 🎉 (Not in a good way.)
Zooming out to the longer time frame, there’s still no sign of a turnaround. If today’s candle closes as low as it is now, Bitcoin is likely to keep dropping until it hits a crucial $100,000. 💸
And for those of you who thought this was just a short-term blip, think again. The volume is still going down, which means buyers are sitting on their hands like they’re waiting for the meteor to hit. ☄️
So, my fellow crypto enthusiasts, prepare to kiss your Bitcoin profits goodbye. The only thing going up right now is the price of tissues. 🤧
Bitcoin is currently trading at $102,256. May God have mercy on our portfolios. 🙏
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2025-01-23 18:00