Bitcoin, that pesky digital goldbrick, has done a right proper leap to a height not seen since the middle of last month. Long-term holders, bless their stubborn hides, have been propping this contraption up like a wobbly table leg, whisperin’ sweet nothings about “structural stability” through the whole kerfuffle.
Now, whether this here kite can keep flyin’ toward $80,000 depends on the wind keepin’ its pants on-technical tailwinds, on-chain breezes, and all that jazz. Fingers crossed, I reckon.
Now, about them paper losses-Bitcoin’s Net Unrealized Profit and Loss (NUPL, for short) has waddled from -26.6% to -21.9%. Still in the red, mind you, but at least it ain’t bleedin’ as bad. Folks ain’t feelin’ the ol’ stomach churn quite like before. Every lil’ improvement brings us closer to “neutral,” which, in crypto-nerd speak, means “the market ain’t itchin’ to chuck its cookies.”
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See, this market’s healin’ like a scab-slow, crusty, but gettin’ there. Less folks losin’ shirt and shoes means less panic sellin’ at bargain-bin prices. And as NUPL crawls toward zero, the demand crowd starts gettin’ all giddy, like a kid with a new slingshot.
Now, Bitcoin’s “Liveliness” metric-sounds like a dance move, don’t it?-has been droopin’ for a month. Turns out, hodlers are holdin’ tight instead of splurgin’ their coins on digital trinkets. Less supply floatin’ about means prices gotta go up, like a cork in a whiskey bottle. Liveliness is at a four-month low, which crypto-seers call “bullish.” Me? I call it a barn dance waiting to happen.
As of this writin’, Bitcoin’s sittin’ at $73,915, nappin’ on the $74,000 pillow. A hop above that 50-day EMA? That’s the crypto version of a “howdy” from the bulls. Momentum’s lookin’ spiffy, like a pig in lipstick.
$75,000’s in the crosshairs, but the real prize is $80k-a mere 8% jaunt from here. Heck, BTC already gained 8% last week. If this keeps up, March might just end with a bang instead of a whimper. But mark my words: If the Money Flow Index hits 80, look out! That’d be like yellin’ “fire!” in a crowded theater-back to $70,552 we go, and kiss that $80k dream goodbye.
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2026-03-17 18:41