🚀 Is Bitcoin’s Next Move a Liftoff or Catastrophe? 🚀

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The Bitcoin price took a nosedive this month, tumbling nearly 15% since early November. Now, what was a hotshot asset has turned into a trembling chump.

The market is split as kids over a new toy – those in the “fallen angel” camp think we’re headed for a bigger crash, while the “optimists” still wait for the skies to clear, seeing this as an all-too-lovely dip. It all boils down to one level: reclaim it and boom, it’s up! Miss it? Fasten your belts, ’cause the abyss awaits.

Reclaiming the Bitcoin Beast Tamed by Momentum and Magic Levels 🎪

There are budding signs that sellers are getting the jitters.

The Relative Strength Index, showing signs of overexhaustion, decided to have a tiny reboot. This usually whispers ‘selling pressure is easing off its broom.’

Over the long haul from April 30 to November 14, Bitcoin seemed to set up a higher low, playing nice to say the big bad trend is still alive and kicking. But don’t be fooled – during the same period, the RSI cozied up for a lower low. That’s a nifty hidden bullish divergence waving at us like a traffic marshal, a signal that the strong horse often trots back after a good rest.

However, for the RSI’s theatrics to go live, Bitcoin needs to leap back above $100,300, a golden oldie acting as resistance since late April. We’re talking about a psychological line in the sand, you understand?

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The supply data try to pour old wine into new charts, pointing eerily around the $100,900 zone. When a big huddle of Bitcoin supply hangs out near the same price tag, it becomes a fiesta of decision points; after all, those coins have the same origin story in mind. This shiny resistance level decorates the RSI chart like a Christmas tree.

This momentum tale only has legs if the BTC price seals the deal above that mystical spot. Otherwise, we’re left clutching divergence and oversold scribbles like soggy fortunes from a cookie.

NUPL: The Cryptic Oracle of Cryptocurrency Nuance 😶

Enter the second star of the show: the Net Unrealized Profit/Loss metric. It’s looking quite antsy at 0.40, its lowest flex in a year. In plain gumshoe terms, the market is back to shivering with thinning unrealized profits, akin to when an uncharted adventure first began.

The last time we danced this close, in April, Bitcoin did this little pirouette of roughly 46% in less than two months. It’s not a guarantee of future samba moves, but it puts us into a pressure zone ripe for rebound romances, provided the price doesn’t wobble too much.

Yet, as in storybooks, this indicator relies on the price reclaiming that star-crossed resistance band. Otherwise, the theory of the Great Bottoming remains a tantalizing but untold folktale.

Bitcoin Zip-Lining Through a Falling Channel with Two Rail Stations 🎢

Bitcoin still wobbles in a falling channel, reminded that the short-term trend is still more bear than cheering crowd.

The escape ladder is quite simple: clutch $100,300 once again. A daily sway above $101,600 would give it a shiny medal and turn the old sad support into hope.

If that happens, the next train station is $106,300. Surpass it, and out of the falling abyss we go, switching the local vibe from dismal to optimistic, possibly sunny with a chance of bull!

The danger zone lurks below. The channel’s lower tapestry is barely a rule of thumb, touching down just twice, structurally shakier than a house made of cards. If Bitcoin stumbles below $93,900-$92,800, we’re likely to have a chapter where the once-beloved “extended cycle” view fades into a tattered myth.

For now, everything hangs on a number line needle. Rise above $100,300, and we’ve got stability. Below $93,900, prepare for a tumble that could turn into a majestic nosedive.

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2025-11-15 12:08