Bitcoin: Still Going Up? (Maybe 🤷‍♀️)

Okay, so Bitcoin flirted with $126,000 last year, which, let’s be real, felt a little bit like everyone’s weird uncle suddenly becoming a millionaire. But now it’s wobbling around $90k, and apparently, some very serious people with charts are saying… don’t panic? 🙄

Is This the End… Of the Beginning?

This “Plan C” person – sounds like a heist movie – is saying the business cycle hasn’t done its thing yet. Apparently, Bitcoin peaks when the business cycle hits between 55 and 65. Right now, we’re at… under 50. So, basically, we haven’t even really warmed up the party yet. 🤔 It’s like saying, “Don’t worry, the hangover hasn’t even started!”

Another analyst, “Sminston” – which I’m picturing is a very intense Excel user – agrees. He’s looking at this “ISM PMI” thing (don’t ask me, I just write the jokes) and says it needs to go above 50 for the real fun to begin. His chart, which looks like something from NASA, suggests a parabolic rally is imminent. Parabolic! Sounds… sweaty.

The whole thing implies Bitcoin could shoot past $100,000, but then… it might be over. 😩 The peak! The terrifying possibility of… downward momentum. Meanwhile, the Fed is being all responsible and talking about keeping interest rates steady, which is bad news for everything fun, including digital magic internet money.

Can Bitcoin Even…?

Apparently, Bitcoin needs to hit $99,100 to show everyone it’s still got it. According to Glassnode (who I’m assuming are very good at looking at glass nodes), that’s where the “Short-Term Holder Cost Basis” is. It sounds… complicated. And if it doesn’t hit $99,100? More people might bail, like guests leaving a bad party.🍸

And CryptoQuant (another group that sounds vaguely villainous) is saying the big investors aren’t even buying the dip. Which is a little rude. It’s like, “Oh, it’s on sale? Nah, I’m good.”

As of right now, Bitcoin’s trading around $90,500, which, honestly, is still a lot of money for something that exists only in computers. 🤷‍♀️

2026-01-10 12:42

Is This the End… Of the Beginning?

Can Bitcoin Even…?

Read More