The Great Bitcoin Cattle Drive of September 4

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Well, now, it seems the bears have got the upper hand over the bulls, says CoinStats. Ain’t that just dandy? 🐻🐂

BTC/USD

Seems like Bitcoin (BTC) took a little tumble, down by 0.54% in the past 24 hours. Not exactly a joyride, but hey, at least it’s not a free fall, right? 🏎️💥

Now, if you look at the hourly chart, the price of BTC is getting cozy with the support line, more so than the resistance. If it doesn’t muster up the courage to bounce back, we might see a slow saunter down to the $110,000 range. Just what every trader wants to hear. 😅

Zoom out a bit, and the picture gets a tad blurry. The main crypto ain’t showing signs of being particularly bullish or bearish. It’s like the market is taking a siesta. 🛌

The volume is drying up faster than a puddle on a hot day, which means any sudden moves are about as likely as a unicorn showing up at a cattle ranch. By the end of the week, we’re probably looking at a quiet scene. 🦄🐄

Looking ahead, neither the bulls nor the bears seem to have the muscle to take control. So, we’re likely to see a bit of a shuffle between $110,000 and $115,000. Sideways trading, they call it. Sounds like a lazy river to me. 🌊

At the time of writing, Bitcoin is trading at $110,880. Not bad, not great, but it’s still a shiny coin in a dusty world. 💰✨

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2025-09-04 16:58