Bitcoin: Still Here, Apparently
So, Bitcoin. It traded at $118,434 on July 19, 2025. Which, you know, is a lot of money. 🤯 I’m not entirely sure what it *is*, but it’s a lot. Total market capitalization? A staggering $2.35 trillion. That’s more than the GDP of, like, several small countries. I’m starting to feel inadequate. Over the last 24 hours, it bounced around between $117,010 and $119,529. That’s… energetic. A trade volume of $42.72 billion? Someone’s buying a lot of digital… stuff.
Apparently, according to the charts (which I barely understand, thanks very much), Bitcoin is still being *bullish*. They like that word. It means it’s going up. It went from “below $100,000” to nearly $123,236. Then it did this thing called a “mild consolidation phase.” I’m picturing a very polite Bitcoin taking a little nap. There’s also this “bearish engulfing candle” thing that sounds terrifying. Like Bitcoin is about to eat everyone. But don’t worry, they say it’s just “potential short-term exhaustion,” which means it’s just tired of going up. Profit-taking! Smart.
Four-hour charts show it dipped a little, found support, and is now just… existing in a “neutral-to-bullish state.” Which is basically how I feel about Mondays. Strategically entering near the “lower band of the channel”? Sounds exhausting. Target zones are $120,000 to $121,000. Just keep climbing, Bitcoin. Just keep climbing.
An hour-by-hour breakdown reveals a “short-term base” near $116,915 and “higher lows.” The recovery is “lacking conviction.” Is *anything* lacking conviction these days? Traders are scalping, whatever that is. Sounds stressful. Entering near $117,000–$117,500 and exiting at $118,800–$119,000. Sounds like a lot of numbers I’ll never remember.
Oscillators and moving averages and all sorts of technical mumbo jumbo are involved here. The Relative Strength Index is 67 – apparently, that’s “overbought but still neutral.” Like ordering three desserts and claiming you’re not greedy. The ADX is 27, indicating “a trend that lacks strong directional strength.” Meaning it’s just kinda… drifting. All the moving averages are aligned upward, which is apparently a good thing. They’re “closely aligned with the current price.” Which makes me wonder if they’re coordinating.
The Bull’s Opinion (Apparently Optimistic):
Despite the “short-term consolidation,” the structure is still “bullish.” Everything’s aligned! Breakout above $120,000 and we’re headed for new highs! Woo! 🎉
The Bear’s Opinion (Bringing Me Back Down to Earth):
Momentum is weakening. Oscillators are indecisive. If Bitcoin dips below $115,000, it could “correct” rapidly. Basically, it could crash and burn. 📉 Good to know.
So there you have it. Bitcoin. Still a thing. I’m going to go buy a lottery ticket now. Seems equally as risky and potentially more fun. 🤷
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2025-07-19 15:27