Bitcoin: Is the Party Over, or Just on a Snack Break? Analysts Can’t Decide 🥳🤷‍♀️

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So, Bitcoin investors are out here, doing what they do best—staring at charts and fidgeting with their “Buy” and “Sell” buttons like it’s a high-stakes game of Minesweeper. Bitcoin is currently chilling just above $100,000, which is a number that sounds fake but is—amazingly—now what we call “slightly above average.” (Somewhere, a Dogecoin enthusiast just fainted.) Anyway, Glassnode ran to X (no relation to Elon’s other x-ventures, allegedly) to yell, “Consolidation is coming!”—which, honestly, is crypto-speak for “we might all be bored for a while.”

Let’s talk rally: Bitcoin led crypto on what can only be described as a seven-day, weekend-in-Vegas-style bender, sprinting from $93,000 to $105,000. You could practically hear the sound of Lamborghini engines starting up. 🚗💨 But analysts are now clutching their pearls and murmuring about weak momentum, because it’s 2024 and we still measure human emotion based on what people are paying for digital monopoly money.

Momentum Buyers: MIA Like Your Favorite Barista on Monday Morning

Crypto as a whole is still feeling lively, but Bitcoin’s swagger has taken a timeout. Evidently, the cool kids (momentum buyers) have left the party, scared off by “increased risk”—or maybe they just didn’t like the playlist. Data from CoinMarketCap says Bitcoin dipped 3.10% in the past 24 hours, now sitting at $101,266.49. (Still not enough for your own private island, but definitely enough to lord it over your cousin who went into real estate.)

This little price waltz is happening because a bunch of holders took their profits and ran, while our so-called “momentum buyers” are apparently off writing their think pieces on Substack. Without their caffeine-level energy, selling pressure is winning over new-buying enthusiasm, and we’re all getting flashbacks to high school group projects where no one stepped up.

Yes, first-time buyers are still dying to put “Bitcoin Maximalist” in their Twitter bios, and their FOMO is real. But the short-to-midterm forecast? Unpredictable, like your uncle after two glasses of boxed wine. Bitcoin’s RSI is down near 11, which isn’t quite “life support” but definitely isn’t the Olympic sprint analysts were hoping for.

Bull run over? Not exactly—more like a “let’s see other people” situation. Bitcoin might consolidate and hang around $100k while profit-takers keep doing their thing. Still, First-Time Buyer RSI has been a stubborn 100 all week, so there’s a rumor going around that the bull run isn’t *really* over—it’s just waiting for institutional investors to stop playing hard to get. 🤔💸

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2025-05-13 00:31