Ah, the fickle dance of Bitcoin, that digital darling of the damned and the divine, now teetering at the precipice of $101,800. How quaint! Its descent, a steady melodrama, has pushed it below the October 10th low-a date now etched in the annals of crypto’s grand tragicomedy. Market analysts, those modern-day oracles, gaze upon this level with the gravity of a Shakespearean soliloquy, for it mirrors a bygone era when liquidity was but a fleeting whisper. 🌊
Selling pressure, that relentless harpy, tightens its grip, while market activity swirls like a tempest in a teacup. What folly awaits? What farce shall unfold? Only the gods of blockchain know. 🧙♂️
The Price, a Thespian, Tests the Liquidity Stage
Behold, Bitcoin’s 10% plunge in seven days-a performance worthy of a standing ovation… or perhaps a chorus of boos. It lingers just above $100,000, a sum that once seemed the stuff of dreams, now but a mere player in this grand charade. The sage Michaël van de Poppe, with a flourish of his quill, declares he watches with bated breath as Bitcoin “takes the liquidity from the October 10th crash.” A bounce? A bottoming phase? Oh, the suspense is simply divine! 🎭
“Really keen to be seeing what’s happening when #Bitcoin takes the liquidity from the October 10th crash.”
“That should be a key point for potential bounces/bottom formations.”
“Disastrous start of the month.”
“$112K remains the crucial level for any new ATH attempt.”
– Michaël van de Poppe (@CryptoMichNL) November 4, 2025
In the past 24 hours, our protagonist has pirouetted between $99,000 and $104,500-a performance as erratic as a Wildean wit. Its all-time high, a lofty $126,080, achieved but a month ago, now seems a distant memory, like a forgotten lover’s embrace. Van de Poppe, ever the pragmatist, notes that a return to $112,000 is the price of admission for any serious talk of new heights. 🏔️
Bullish Whispers and Recovery Reveries
Ali Martinez, that astute observer of the crypto cosmos, proclaims, “Bitcoin could rebound here to at least $106,500 or $112,000.” Ah, the support zone around $100,000-a safety net, a sanctuary, a stage for potential redemption. Two paths unfold: a swift rebound or a fleeting dip before the curtain rises again. In both, $106,500 awaits, a tantalizing first act. 🌟
CryptoBull_360, ever the optimist, declares Bitcoin has broken free from its ascending wedge pattern with the vigor of a Wildean protagonist. Yet, he cautions, the 50-day moving average looms as a silent guardian, ready to catch or cast aside our hero. 🛡️
“The price is expected to retest the breakout level, and a break below the 50-day moving average could trigger further declines,” he said, with a dramatic flourish.
Bearish Shadows and Liquidity Labyrinths
But alas, not all is sunshine and satire. Ted, the harbinger of caution, points to two liquidity pools: one at $90,000, the other near $126,000. “A dump to fill the CME gap before reversal could happen,” he warns, his tone as grim as a Wildean tragedy. The option market, that fickle muse, shows but small moves-traders, it seems, are content to watch this drama unfold from the sidelines. 🎭
Recent buying, a mere whisper in the wind, lacks the strength of conviction. Self-custody rises, yet buyers hesitate, their wallets clutched tightly. Sequans Communications, that treasury titan, sold 970 BTC, slashing its holdings by a third. Debt, that ever-present specter, was halved-a pragmatic move, yet a blow to the bullish narrative. 💼
The zone between $100,000 and $102,000 holds, for now, but the pressure mounts. Whale wallets, those leviathans of the deep, have offloaded $272 million worth of Bitcoin. If this trend persists, the bulls may find themselves in a most precarious position. The $112,000 mark remains the Holy Grail, the key to any grand recovery. Until then, Bitcoin may linger in its holding pattern, a player awaiting its next cue. 🦈
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2025-11-05 12:53