Bitcoin’s $92K Wobble: A Tale of Resilience or Despair?

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Bitcoin (BTC), that eternal enigma, grapples with the unyielding wall of resistance Friday, as $94,000 looms like a mirage in the desert of market whims. 🌵

Key points:

  • Bitcoin, ever the stoic, presses against familiar barriers, its resolve bolstered by the faint whispers of market optimism. 🧠

  • The recent dip, a “manipulative” tempest, is blamed on shadowy forces, as if the market were a child’s toy in the hands of unseen puppeteers. 🕵️‍♂️

  • Gold, that steadfast titan, ascends to new heights, casting a long, ominous shadow over Bitcoin’s fragile hopes. 🏔️

BTC Price: Days or Weeks Until the “Upwards Breakout”? 🧩

CryptoMoon Markets Pro and TradingView reveal a BTC price as fickle as a politician’s promise, after a brief flirtation with $95,500. 📈

Confronted by the cold steel of resistance on the daily chart, BTC/USD coils like a serpent preparing to strike-or flee. 🐍

“Bitcoin is doing the choppy dance. Illiquid books, and therefore fast moves up and down for the position on $BTC,” cryptic trader Michaël van de Poppe muses, as if deciphering the stars. 🌌

“Nonetheless, I think that we’re still in for a new upwards breakout in the coming days/weeks.” 🚀

Upside moves, like fleeting dreams, failed to break the chains of resistance in December. Trader Daan Crypto Trades adds the 200-period MA/EMA to the list of hurdles, as if the market were a labyrinth. 🧩

“Consolidating against its 4H 200MA/EMA & The ~$94K horizontal resistance which acted as range high for the past couple of weeks,” he quips, as if speaking to a congregation of skeptics. 🧑‍🤝‍🧑

“This is the key area to break for bitcoin to flip the momentum around in favor of the bulls in the short to mid term.” 🐺

Despite the inertia, Van de Poppe insists the abyss is less likely to swallow us next. “Higher lows indicate a higher structure and therefore an uptrend is being established. Price clearly doesn’t break down anymore, and my general thesis is that the recent, heavy correction was highly manipulative and not organic,” he declares, as if lecturing a room full of doubters. 🧠

Gold Steams Toward New Records 🏆

As the Fed’s interest-rate decision settles like a shroud, US stocks and crypto alike lose their recent gains, like a shipwrecked sailor clinging to a raft. 🚢

The S&P 500, once near all-time highs, now lags, while gold inches toward $4,400 per ounce, a titan among metals. 💰

“Gold is on the brink of a new record high,” proclaims The Kobeissi Letter, as if announcing the end of an era. 📰

At the December monthly open, Bitcoin reached its lowest levels against gold since early 2024, a humiliation etched in digital stone. 📉

Commenting, Jeremy Batchelder, co-founder of Glyde, warns that gold’s ascent is a storm cloud over crypto’s horizon. “Gold is about to hit new ATHs. Silver is making new highs every single day,” he laments, as if mourning the death of a dream. 🌫️

“This is extremely bearish for Bitcoin. We need the metals to calm down before the crypto bull run can begin.” 🐍

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2025-12-12 18:58