The thing about Bitcoin, see, it’s like a nervous dog. Barks and jumps at $88,000, then tucks its tail and runs back down. Happened twice now, that bit. Like it’s afraid of its own shadow. Now it’s hangin’ around $87,000, tryin’ to look brave after gettin’ knocked silly down to $82,000 last week. Folks are hopin’ the government folks – the Federal Reserve, they call ’em – will ease up on things, and maybe that’ll give it a boost. Experts, they’re all full of confidence, sayin’ it ain’t a bear market, not yet. Just needs a little… juice, they reckon. A little money sloshin’ around.
Lost Its Backbone
Old Daan Crypto Trades, he says Bitcoin’s lost its spine, its “Bull Market Support Band” as he calls it. Fancy talk for a line in the sand it couldn’t hold. Twenty thousand dollars is the gap now to get back to where it was. A hefty climb, even for somethin’ that’s supposed to be shootin’ for the stars. He figures it’ll get back there, ‘course, but you gotta keep an eye on April’s lows, he says. Don’t let it fall below those. 🧐
This dip, though, it was a swift one. Faster and deeper than the little wobble it had back in April. Makes a man wonder if it’s got sea legs.
$BTC It is clear by now that Bitcoin has fully lost its Bull Market Support Band.
This had roughly been supporting price all cycle, with a few smaller deviations below.
But this recent move down has made it so there’s over a $20K+ gap to get back to the band.
At some point,…
– Daan Crypto Trades (@DaanCrypto) November 23, 2025
Then you got ‘Rekt Capital,’ lookin’ at the weekly chart. Says if it gets above $86,000, it might just head for $93,000. Not much in the way to stop it, he figures. The chart said it closed at $86,820, so a fella could hold out hope. But charts are just pictures, ain’t they? 🤷
And ‘Stockmoney Lizards,’ now there’s a name. He saw a breakdown, RSI all flustered and in the red, and a heap of panic. Seen it all before, he says, back in March and April. Pattern doesn’t care about your fancy ideas, he reminds you. It just is. And last time, it climbed, didn’t it? So, who knows?
A Little Leery
But ‘Colin Talks Crypto,’ he’s cautious. Don’t get carried away thinkin’ it’s headin’ for new highs, he says. It’s just a bounce, a relief rally. It had to bounce, bein’ as oversold as it was. Gotta get back above some important levels, way above, before you start dreamin’ of moonshots. It’s probably just a bit of a breather. 😴
So there it sits, right near $87,000, still wobblin’. A nervous dog, waitin’ to see which way the wind’ll blow. It’s a strange thing, this Bitcoin. A lot of folks puttin’ a lot of faith in air and numbers. Makes a man long for a good patch of dirt and somethin’ you can hold in your hand.
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2025-11-24 10:32