Bitcoin’s Wild Ride: Will It Survive FOMC or Just Dance Off the Cliff? 🎢💸

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Ah, Bitcoin-our modern-day gold rush, now precariously perched near the hallowed 113,000 dollar mark. Just yesterday, it flirted shyly with 112,300, as if to test whether the market’s patience is still intact. A measly 4% gain in a week? Please, that’s barely enough to buy a decent pair of boots in Moscow. Yet here we are, with traders glued to their screens, biting their nails over what the Fed might-or rather, might not-do next. 😏

The Price Might Be Playing Hide and Seek

Recently, Bitcoin took a nostalgic trip back into the 111,000-112,000 zone, a level that once stood stubborn as resistance but now, perversely, offers a welcoming embrace as support. It’s like a stubborn gentleman refusing to let go of his favorite tavern. Since then, it’s edged upward, teasing us with a modest bounce above 113,000-like a cat that suddenly remembers it hates water. Meanwhile, the wise analyst Michaël van de Poppe warns us all: avoid leverage. Today’s macro rollercoaster promises enough chaos without you adding fuel to the fire. 🚀🔥

“So far, so good for #Bitcoin,” he says, with a wink. A retest of the lower levels? Found some buying pressure? Check and check. But beware the FOMC tide-volatility’s about to go full tempest. No leverage, mind you. Trust the wise one.”

As long as Bitcoin clings above its short-term moving average-and that trusty $111,000 line-the broader trend remains unshaken, like a Russian peasant defending his loaf from the crows. The next grand hurdle? Between $119,000 and $120,000-an area that has previously scorned bullish attempts. Clear that hurdle, and we’re looking at a possible ballet toward $123,000. Easy as vodka-except with more risk. 🥂

But not everything is a happy ending. The TD Sequential indicator-think of it as the market’s temperamental wife-has issued a sell signal. Past signals? They’ve guessed right before sharp reversals, including a rather unkind 19% nosedive. Thanks for the warning, old friend.

The Mystery of the Gap and Waves

On the long view, Bitcoin has left a gap in the chart-around $110,900 to $113,000. An analyst mentioned it was “partially filled” today, but you know what they say about gaps? Better to fill them completely before we get carried away. If not, a C-wave drop-think of it as the market coughing-could send us tumbling down toward $97,000 to $94,000. The markets are playing the ABC game, and we’re just trying not to get caught in the middle of the story.

The Big Fish and Their Treasure

Meanwhile, the on-chain data reveals that the colossal whales-more than a million BTC changing hands in the $112k-$117k zone-are still active. Despite the recent dip, the long-term holders stare down the chaos like old Russian czars at a fancy ball-steady, unbothered, and probably counting their rubles. Ali Martinez suggests that breaking above $120,000 could finally open the door toward $143,000. But for now, we’re all watchmen of the sacred range: $111,000 to $120,000, with the FOMC looming like a grand czar deciding whether we get gold or just a slap on the wrist.

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2025-10-29 19:16