Bitcoin Price Defies Gravity (Sort Of): Twain Would’ve Bought a Steamboat

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Well now, accordin’ to the learned folks over at CoinStats—that modern-day priesthood of digital numbers and wishful thinkin’—most of these so-called “top 10” coins are slippin’ down faster than a greased hog at the county fair. Ain’t that always the way?

BTC/USD

But hang onto your stovepipe hats! Seems ol’ Bitcoin (BTC) decided not to follow the herd and instead wiggled up a mighty 0.19%. Not exactly “To the moon, Alice!” but I once survived on less at a Mississippi card table. 🎩

Now, take a squint at this here hourly chart: BTC is sidlin’ up toward a local resistance round $108,286. If it manages to bust through, we might just see it strut into the $108,500 parlor by sun-up. But then, I’ve seen raccoons plan a bank heist more confidently. 🦝

If we back up and look on the big, daily picture, neither buyers nor sellers lookin’ mighty enough to pick a side—the price is lollin’ about between support and resistance like a politician between campaign promises.

The trading volume is quieter than Aunt Polly’s parlor after church, so unless someone lights a firecracker, don’t expect any wild shenanigans soon.

Peerin’ ahead, the weekly bar is about to flop over in the neutral zone like a possum playin’ dead. Should nothin’ much change, seems most likely we’ll see Bitcoin drift sideways in the tight little pasture of $107,000 to $110,000. Real excitement, like waitin’ for paint to dry on a riverboat. 🛶

And as I write this very line, Bitcoin’s sittin’ pretty at $108,228. Bet your boots it’ll be different before you finish your next cup of coffee.

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2025-07-05 17:57