Bitcoin’s Little Flutter? 💸

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Oh, Bitcoin. Such drama! 🎭 It attempted a rather spirited little bounce, darling, but alas, it seems $89,250 was simply a bridge too far. Now it’s just… loitering below $89,000, looking rather glum, and quite possibly preparing a little downward sigh. Honestly, the volatility is frightfully common.

  • It briefly deigned to recover above $86,800, the dear thing.
  • Currently perched above $87,000, and flirting – rather precariously – with the 100 hourly Simple Moving Average.
  • A positively key rising channel is forming, with support at $87,650. According to those chaps at Kraken, naturally.
  • If it manages to, shall we say, compose itself above $89,500, there might be more upward treachery.

A Spot of Resistance

There was a rather spirited – yet ultimately unsuccessful – attempt to climb above $88,200 and $89,000. It tested $89,250, and then decided, apparently, that was enough excitement for one day. Such indecision!

Now, it’s merely consolidating, rather like an aging actress remembering her triumphs. A minor dip tested the 23.6% Fib retracement level (apparently very important to some people), but the bulls remain…optimistic, shall we say, above $87,500. Bless their persistent hearts.

It’s still above $87,500 and that 100 hourly Simple Moving Average. And yes, the key rising channel remains stubbornly in place, offering support at $87,650. So, things could improve. Or not. One never knows with these modern financial fads. 🤷‍♀️

Should the bulls somehow muster the energy, more gains are, theoretically, possible. Immediate resistance at $89,000. Then $89,250. Then $89,500. If it breaks that barrier… well, prepare for a little scramble towards $90,500, and perhaps even $92,000. Don’t get carried away, dear. And after that a bumpy ride to $92,650 and $93,200!

Another Little Dip?

But, and it’s always a ‘but’, isn’t it? If Bitcoin can’t conquer $89,000, another little decline is on the cards. Immediate support at $87,500, thank goodness. Then $87,000.

The next support is down at $86,800 and the 50% Fib retracement thing. Further losses… well, let’s just say $85,500 is looming. And then, if things get really dreadful, $84,400. One shudders to think.

Technical indicators, darling, are telling us… something. Honestly, it all sounds terribly complicated.

Hourly MACD – Losing momentum in the bullish zone. (Quelle surprise!)

Hourly RSI – Above 50, apparently. Good for it.

Major Support Levels – $87,500 and $86,800. Honestly, one must keep track, mustn’t one?

Major Resistance Levels – $89,000 and $89,500. Oh, the endless possibilities… or the inevitable disappointments. 🥂

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2025-12-22 06:08