Once upon a time, in the mysterious kingdom of crypto, Bitcoin strutted its stuff up to a dizzying $122,838 on July 14th – a number so colossal it could make a dragon’s eyes pop right out! But then, like a sleepy cat after a long nap, it suddenly decided to hang out around $118,000. Not that anyone was particularly worried—after all, Bitcoin has the attention span of a squirrel on an espresso shot. 😊
Greed Comes Back to Play, But It’s Not Overcooked Yet
So, the big ol’ crypto coin has been shuffling above the $118K mark for the past two days, despite some folks taking profits faster than a kid devours cake. The market’s still screaming “HURRY UP, RICHES!” with a greed index lounging at a modest 68. Think of it like a buffet—they’re still hungry, but not gorging themselves just yet.
Crypto whiz Axel Adler Jr. shared some sneaky data from CryptoQuant—showing that investor optimism is creeping back with the Fear & Greed Index at a cozy 66.2%. Not quite climbing the rollercoaster to euphoria, but enough to keep everyone guessing whether the next move will be a triumphant leap or a gentle stumble. And if Bitcoin keeps its cool without turning into a frothy, greedy mess, it might just soar to new heights—like a hot air balloon with a sense of humor. 🎈
Image From X: @AxelAdlerJr
Bitcoin is Playing Tag with the Resistance Zone – Again!
After a quick flirtation with the $122,838 line—a number that sounds more like a spaceship than a price—Bitcoin took a breather and dropped back to $116,000 before settling at $118,000. Meanwhile, the technical wizards look at the weekly candlesticks and say, “Hey, look! Bitcoin’s re-entered the pink zone of the Logarithmic Growth Curve (LGC).” It’s like the bouncer of the chart world, keeping out the overexcited heroes who want to jump the fence too early.
This area, draped in a rather lovely light pink, has historically been where Bitcoin pauses—taking a breather before plunging into the next adventure. Think of it like a pit stop on the way to a big race, or a coffee break during a long road trip. Last winter’s flirtation with this zone ended in rejection, like a bad excuse at a party, hinting that Bitcoin might just be warming up again for another push towards the stars—maybe $140K, maybe even $200K, depending on how lucky the US gets with rate cuts in September.
And so, dear reader, as Bitcoin dances around that $118,152 mark, it’s quietly gearing up for its final act—perhaps in October or November 2025. Whether it hits a modest $140K or boings all the way to $200K, only the crypto gods know. But one thing’s for sure: this wild, crazy ride isn’t over yet. Buckle up, and enjoy the show! 🎢
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2025-07-20 16:22