Ah! Behold, dear reader, as our noble Bitcoin tumbles from the lofty peak of 107,482 to the humble abode of 102,422 on this fateful Tuesday! A drop so sharp, one might say it’s more plunge than price action. 😬
At this very moment, our beleaguered BTC lingers at 104,880, having lost 0.23% in a single day (how tragic!), yet managed to gain 2.80% weekly (a faint flicker of hope?). 🤡
The market, ever the drama queen, slumbers through October’s flash crash, only to awaken to the ominous specter of a death cross-a celestial alignment where the MA 50, like a lovesick suitor, surrenders to the MA 200. The plot thickens! 🌑
OMG!!! 🤯
4th Death Cross Alert for $BTC! 🐸
Previous ones marked bottoms… now we’re due for a historical repeat! Up we go! 🔥
– Kyle Chassé / DD🐸 (@Kylechasse) November 12, 2025
The MA 50, currently descending like a deflated balloon, threatens to kiss the MA 200 goodbye, marking the second such “death” this year (the first in April, as if BTC needed reminders of mortality). 🪦
If confirmed, this would be the fourth death cross since 2023-a veritable funeral procession of bearishness! September 2023, August 2024, April 2025… the crowd gathers for the next act. 🎭
Key Price Levels (Or, “Where the Plot Gets Confusing”)
Death crosses, you see, are as reliable as a jester’s promises. The last three somehow marked bottoms, though history’s repetition remains as certain as a king’s tax. 🤷
According to Glassnode, BTC dithers at 104,880, trapped between the 0.85 and 0.75 cost-basis quantiles (108,500 and 100,600). These levels, like a duel between two courtiers, could decide BTC’s fate. Break one, and the market shall weep or cheer. 🎉😢
Volatility, that old flame, may reignite if BTC dares breach 111,000 or 116,000. But fear not! The market, ever the indecisive suitor, clings to the 100,000-108,000 range as a potential love letter from the past. 💌
In conclusion, BTC dances in a “crucial inflection zone,” where sentiment is as cautious as a cat on a hot tin roof. Will it find a bottom at 100,000? Or will the blockchain gods chuckle and send it plummeting? Only time shall tell… or perhaps Molière’s ghost. 🕯️
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2025-11-12 17:25