Analysts Fear This Bitcoin Level—Crypto May Never Be The Same 😂💸

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In the mysterious, ever-twinkling town of Bitcoin-on-the-Blockchain, the price has recently hauled itself up above $104,000, stopped for a breather, and immediately attracted a crowd of analysts. There’s nothing like a price pause in crypto to bring out those genteel market types who stroke their beards and mutter about ‘crucial thresholds’ (and in more extreme cases, ‘turbo-resistance’).

Our protagonist, one Rekt Capital, has now spent six full weeks engaged in a comically repetitive ritual: watching Bitcoin knock politely at the $104,400 support and waiting to see if someone answers. He calls this the “Litmus Test,” presumably because “Test of Infinite Crypto Patience” didn’t fit in the newsletter header.

If Bitcoin can stay perched on $104,400 every week like an owl with particularly sticky talons, then the universe (or at least the analyst’s universe) says the next act involves a bravura leap past $108,890, into uncharted territory known as “Price Discovery Uptrend 2: The Uptrending.” Yes, that’s actually what they called it. Get your popcorn.

Now, despite traders wandering in circles and mumbling about exhaustion—“brutal” times, they howl!—the market pullback has been as mild as watered-down tea: just a modest 10%. Not so much a crash, more a polite “after you” at the revolving doors.

Veteran watchers with magnifying glasses have even noticed diamond-shaped formations and a string of higher lows, which is technical jargon for “hopes are growing despite everyone pretending to panic.”

Even while the real world rattles with actual wars (Israel vs. Iran edition) and shrill headlines, Bitcoin has stubbornly ignored the shouting and carried on supporting itself, politely refusing to entertain the idea of plunging. It’s British, in a way, just on the blockchain and without the tea.

At last sighting, Bitcoin was lounging around $105,569, down a mere 2% in 24 hours, having shaved another 3.4% for the week—but hey, it’s still up more than 60% for the year. Maybe it’s working on its summer body.

The real excitement? Analysts everywhere are prophesying that the monthly range could bust open any minute now. Some claim a “large move” is imminent, which is analyst-speak for “absolutely anything could happen and, if it does, I called it.” On-chain seers have noticed long-term holders napping and BTC quietly slipping off exchanges, so when that supply shock comes, you’ll hear every keyboard warrior yell, “Told you so!” 😏🚀

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2025-06-17 18:28