Behold, a sage of the markets, with a quill in hand, doth boldly defy the whispers of despair that Bitcoin doth tread a path of eternal decline. 🧮
With the precision of a mathematician, this technician doth unveil the hidden rhythm of the market, revealing that the present weakness is naught but a fleeting sigh before the grand crescendo of a $300,000 summit. 🕵️♂️
The Argument for the Bull’s Eternal Triumph
In an October 24 post on X, EGRAG CRYPTO doth invoke the sacred linear regression, a tool so profound it could decipher the secrets of the cosmos, yet here it is, used to predict the price of a digital coin. 🧠
The analysis proclaims that Bitcoin, now trading at its lowest since 2012, is but a tempest in a teacup, a mere pause in the grand opera of upward motion. A buying opportunity, they cry, akin to the fabled “buy the dip” mantra, which hath saved many a investor from ruin. 📈
“Historical Data Never Lies,” wrote EGRAG. “Every single macro cycle in Bitcoin’s history shows the same pattern: BTC consolidates inside an ascending (rising) channel before breaking out massively to the upside.”
He doth note that this hath transpired thrice before, and now, lo! The pattern doth repeat itself. A return to the midline, they say, would yield $175,000, while the upper band points to a lofty $250,000-nay, $300,000! 🎩
This perspective, however, doth clash with the doomsayers, like Dr. Profit, who warn that a drop below $101,700 shall confirm the beast of a bear market. Yet, the optimists, like Axel Adler Jr., doth argue that the price hath held above $109,800, and the bears’ short positions shall soon be their undoing. 🐻
Meanwhile, data from CoinGecko showeth BTC trading at $111,355, having rebounded from its recent plunge. Though down 8% over two weeks, it hath climbed 6% in seven days-proof, if any were needed, that the market is a fickle mistress. 🌪️
The Macro-Meanderings of Wealth
The broader financial landscape, too, doth offer hope. VanEck, that paragon of insight, claims the October drop was but a “liquidity-driven mid-cycle reset,” a phrase so convoluted it could double as a bedtime story. 📚
And lo! The S&P 500, in its “risk-on” mode, doth dance hand-in-hand with Bitcoin, while crypto podcaster Luke Martin doth cite data that, after sell-offs, Bitcoin hath risen 25% in 90 days. A pattern so reliable, one might call it a “tradition.” 📈
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2025-10-24 20:06