TL;DR (Too Long; Didn’t Read, But Should)
- Bitcoin’s charts are doing that cup & handle thing again, like a barista with a caffeine addiction. 🚀
- Analysts are watching $111K and $90K-$92K like hawks, while $123K is the resistance piñata everyone wants to hit. 🎯
The Never-Ending Cycle of Crypto Drama
Crypto analyst Merlijn The Trader (yes, that’s his name) says Bitcoin’s chart is basically a rerun of your favorite sitcom. 🍿 First, it did a rounding bottom (2015-2017), then an Adam & Eve pattern (2018-2020), and now it’s back with the cup-and-handle (2021-2024). Spoiler alert: every time, the price went *boom*. 💥
Merlijn calls the RSI crossing 70 the “ignition switch,” which sounds like something from a bad action movie. 🏎️ Here’s his hot take:
BITCOIN’S PLAYBOOK IS BASICALLY A RECIPE FOR POPCORN. 🍿
Rounding Bottom. Adam & Eve. Cup & Handle. Every cycle ends with a price explosion. 🚀
RSI 70? That’s the “Oh no, we’re going to the moon” button. 🌕 DON’T PANIC-SELL LIKE A NOOB!
– Merlijn The Trader (@MerlijnTrader) September 25, 2025
So, yeah, we might be in another cup-and-handle phase. Or maybe Bitcoin’s just thirsty. 🥤
Support, Resistance, and Other Fancy Words
Michaël van de Poppe (another analyst with a cool name) is eyeing $111,600 like it’s the last slice of pizza. 🍕 He says BTC is testing support there, with resistance at $114,755 and $116,813. If it breaks $118,000-$119,500, we’re headed to $123,288. Or maybe just the snack bar. 🌭
He also mentioned an accumulation range at $100,740-$103,190, where volume spiked. His prediction? “More downside, then up-only mode.” Basically, crypto’s version of “first it gets worse, then it gets better.” 🤷♀️
BTC is like that friend who says they’re leaving the party but keeps coming back for one more drink. 🍻
– Michaël van de Poppe (@CryptoMichNL) September 25, 2025
The Trendline That Never Dies
Ted Pillows (yes, like the thing you sleep on) posted a chart showing Bitcoin’s long-term ascending trendline. It’s been holding strong since 2023, like a loyal golden retriever. 🐕 Currently, it’s chilling at $90,000-$92,000, which also happens to be a CME gap. So, if BTC drops 20%, it might retest this level before going full rocket mode. 🚀
Meanwhile, Binance traders were super short on Bitcoin right before the price dropped. Then they flipped long faster than a pancake. 🥞 According to CryptoPotato, it’s all part of the crypto circus. 🎪
So, is Bitcoin gearing up for another expansion? Or is it just practicing its cup-and-handle yoga? 🧘♂️ Only time (and Merlijn’s RSI) will tell. Stay tuned, and don’t forget to HODL your coffee. ☕
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2025-09-25 23:29