Oh, the suspense! Bitcoin, that capricious darling of digital currencies, has been pirouetting within a narrow band, gracefully swaying between $108,000 and $112,000, much to the delight and dismay of its adoring fans. Yet, despite the air of elegance, there have been several rebuffs at the $112,000 threshold, a sign that the 200-day moving averages on the four-hour chart are not merely decorative lines but formidable barriers. 🕵️♂️
Enter Daan Crypto, the cryptic soothsayer of the crypto realm, who warns us that Bitcoin is teetering on the brink of a precipitous drop below $100,000. But fear not, dear readers, for even in the darkest hour, a glimmer of hope remains. The bulls, those valiant defenders of value, still stand a chance to orchestrate a grand recovery rally in the coming weeks. 🦁
Analyst Warns About Sweep Of Monthly Lows
In a recent post on X, the social media platform that shall not be named (for fear of jinxing our narrative), Daan Crypto Trades opines that Bitcoin is in a state of indecision, a hesitant waltz that may soon lead to a sweeping of the monthly lows. This ominous prediction is rooted in the 4-hour candlestick chart, which reveals a recent rejection at the 200MA/EMA, a harbinger of things to come. 📈
The 4-hour chart, a visual feast for the discerning eye, illustrates how Bitcoin has been confined to a well-defined range since August 25, with a fragile foundation at $107,000. Beneath this base lies a pool of liquidity, a tempting target for a stop-hunt sweep, a maneuver that could spell doom for the unwary. 🌊
A successful execution of this strategy, Daan warns, could trigger a wave of panic, sending Bitcoin plummeting below the $100,000 mark. However, the analyst is not without a silver lining. He identifies the $103,000 to $105,000 price zone as a critical support level, a sanctuary where buyers can regroup and perhaps launch a counteroffensive. 🛡️
Conditions For A Bullish Recovery
Daan’s analysis suggests that the bulls can stave off disaster by maintaining a stronghold above $105,000 to $103,000. Should they falter, the path to $100,000 becomes perilously steep. But the analyst, ever the optimist, outlines a roadmap for the bulls to reclaim their throne. 🏆
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2025-09-08 23:23