Bitcoin: The Emperor’s New Clothes?

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A Few Observations, Such As They Are

  • Bloomberg Intelligence, those keen observers of the inevitable, suggest Bitcoin might politely revisit $50,000 by 2026. A mere trifle, naturally. 🙄
  • Bitcoin’s ascent in 2025? A modest 13%, overshadowed, alas, by the S&P 500’s boisterous 17%. The market, it seems, has other darlings.
  • Analysts murmur about ‘weak momentum’ despite strenuous ETF inflows. A curious phrase, akin to a tired dancer insisting on pirouettes.
  • Traders debate, as is their wont, whether Bitcoin can cling to the $100K-$103K range, or whether gravity will eventually assert itself. A familiar story.

The digital tulip, Bitcoin, despite the enthusiastic pronouncements and pulsating inflows, has trailed the more
 grounded realities of traditional markets in 2025. A subtle deceleration, a softening of the beacon, if you will. One begins to suspect a certain
fragility. 🧐

A Word of Caution from Bloomberg’s Tower

Mr. McGlone, a man who clearly spends his days charting the melancholic trajectory of speculative bubbles, points out that Bitcoin’s gains this year have been… restrained. Compared to the joyous gallop of broader equities, it’s a mere amble. Bloomberg Intelligence data speaks of a diminishing impulse as 2025 stumbles toward its conclusion. Such occurrences, it seems, often herald
 adjustements. A rather polite word for ‘crash’, don’t you think?

Bitcoin $50,000-$150,000 in 2026? Reversion Risks – Weakness in Bitcoin relative to beta in 4Q could carry into 2026. Up only about 13% in 2025 compared with the S&P 500’s 17% total return to Nov. 10, Bitcoin’s underperformance – despite strong ETF inflows and roughly twice the


– Mike McGlone (@mikemcglone11)

He cautions-with the weary sigh of someone who has seen these things before-that the asset might settle into a protracted state of indecision, a rather drab existence between $50,000 and $150,000, should the winds of macroeconomic circumstance turn chilly. Imagine! A price, merely… existing. The horror! đŸ˜±

A Flutter of Debate in the Digital Agora

Market ‘analysts’ on X, that temple of instant wisdom, offer conflicting prophecies. Crypto Rover, a fellow with a knack for timing, believes the bottom has been ‘sniped,’ as though Bitcoin were a particularly elusive pheasant. A bold claim, and one that will no doubt be tested.

Looks like we sniped the exact Bitcoin bottom!

– Crypto Rover (@cryptorover)

MichaĂ«l van de Poppe, less enamored with immediate gratification, suggests a more circumspect path. A rejection at key resistance, he warns, could lead to a re-examination of the $90,000-$93,000 neighborhood. He calls it “normal pre-reversal behavior.” So, it’s normal for fortunes to
 evaporate? A comforting thought. đŸ€”

He emphasizes that real conviction, a sustainable upward trajectory, remains frustratingly elusive.

Quite normal, rejects at a crucial level before turning into up-only mode.

The big question is now;- Will hold at $103K?- Will hold at $100K and provide a double-bottom test?

If neither are true, then we’re looking at $90-93K for a potential test and then


– MichaĂ«l van de Poppe (@CryptoMichNL)

The Broader Canvas

McGlone, in a rather astute observation, links Bitcoin’s uneven progress to a general waning of enthusiasm for all things
 over-valued. He mentions copper, that venerable barometer of industrial ambition, which has also taken a pause for breath. As the world lurches toward a period of diminished exuberance, speculative ventures, like Bitcoin, may find their wings clipped.

“The softening in commodities and equities suggests that the speculative cycle is cooling,” Bloomberg Intelligence intones in a tone usually reserved for funeral eulogies. Even the most volatile of spirits, it seems, are beginning to tire.

A Temporary Reprieve?

Bitcoin briefly regained some composure above $105,000 following whispers of resolutions in the U.S. governmental theatre. But, as is so often the case, the moment was fleeting. Momentum has dissipated, leaving traders suspended in a state of anxious anticipation. Is this a genuine renewal, or merely a sigh before the fall?

A disclaimer, for the sake of prudence (though what good does prudence ever do?): This text is merely a collection of observations, and should not be construed as advice. Invest at your own peril, and remember, the market is always, ultimately, indifferent to your hopes and dreams.

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2025-11-12 11:17