Bitcoin’s Wild Ride: From All-Time Highs to Market Meltdown! 🤯🔥

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Key takeaways:

  • Bitcoin crashes faster than my grandma’s Wi-Fi – dropping below $118,000 after some hot US inflation tea ☕📉.

  • Federal Reserve interest rate cut chances plummet from 99.8% to a sniveling 90.5%. Seems like they’re playing hard to get! 🎭📉

  • Double tops, short-term whiplash, and altcoins sitting pretty-because what could go wrong? 🎢🚀

Bitcoin (BTC) has decided to channel its inner roller coaster, plunging from a stellar $123,400 to a more “fun” $117,400 quicker than you can say “pump and dump.” All this chaos sparked by a fiery US Producer Price Index (PPI) report-because who doesn’t love inflation teasing? 😅💸

The latest PPI hot mess revealed a 3.3% year-over-year inflation-way higher than the forecasted 2.5% and last month’s 2.3%. It’s the biggest jump since June 2022! Fancy that, inflation decided to throw a tantrum right when everyone was about to buy a sandwich. 🥪🔥

This contrasts with the cooler July CPI data, which kind of teased us into believing inflation was on a diet. But no, the PPI just burst into flames, making the Fed’s life more complicated than assembling IKEA furniture without instructions. 📉🤯

The market’s watching the Fed like a hawk, betting on a 90.5% chance of a rate cut on Sept. 17, but don’t get too comfy-the chance was almost 100% yesterday. Guess the Fed’s playing hard to get now. 💔📊

🇺🇸 UPDATE: The probability of a U.S. Federal Reserve rate cut in September has risen to 99.8%.

– CryptoMoon (@CryptoMoon) August 13, 2025

Bitcoin’s Game of Thorns: Levels of Doom & Gloom

BTC tried to hit a new high above $123K but got a slap in the face with some bearish divergence-like hitting the snooze button on your alarm and realizing it’s Saturday. 📉🙄

Those last-minute technical gymnastics point to a choppy future-think “waves at your grandma’s retirement party” choppy. Bitcoin’s recent leverage unwind has left some liquidity zones between $119K and $117.5K looking a little lonely. Most likely, we’re in for a snooze-fest sideway dance after an 11% monster rally in 12 days. 🎯

To make things interesting, a solid close above $120K on the 4-hour chart is like waving a flag-“Hey, we’re going bullish!” But don’t hold your breath; a dip below $117K could send us back to the drawing board, with potential visits to $105K-$110K, like a bad sequel nobody asked for. 🎬

On the more dramatic three-day chart, Bitcoin’s forming a double top-because apparently, it’s not dramatic enough-like a plot twist from a soap opera. Remember January? Yeah, it dropped to $75K back then. Ah, nostalgia. 🕰️

If Bitcoin stays above $112K, the altcoins can do their happy dance. But below that threshold, we’re looking at a possible nosedive toward $105K-$110K-kind of like your mood on a Monday morning. ☕💥

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2025-08-14 21:38