Bitcoin, that fickle lover, has once again betrayed its admirers by plunging below the $108,000 threshold, leaving a trail of confused investors and a chorus of “I told you so” from the bears. 💸🙃
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From the 10-day to the 200-day line, all of the main moving averages are sloping downward, maintaining upward pressure. The 200-day EMA near $108,400 now acts as immediate resistance, while $106,700 forms the next key support. Below that, a break could open room toward $102,000 or even $100,000. Because nothing says “excitement” like a potential $100,000 drop. 📉
A recovery above $111,000 with rising spot volume could restore short-term bullish traction and indicate renewed institutional demand. Until then, the market remains in a cautiously bearish phase. Or, as the market’s therapist might say, “It’s not the end of the world, but it’s definitely a bad day.” 🌪️
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2025-11-03 10:34