Ah, Bitcoin. The darling of crypto enthusiasts and the bane of those who thought “currency” was supposed to be… stable. But fear not, dear reader, for according to the ever-insightful Swissblock, it seems the Bitcoin bottom might just have been found. For now. Possibly. Well, let’s not get ahead of ourselves. 😏
According to their latest musings on the ever-charming X (formerly Twitter, where opinions are free and plentiful), sometimes the world’s most volatile asset just needs a little time to consolidate itself. Which is, of course, code for “we’re waiting for the next crisis.” But don’t worry, everything is fine. Trust us. 😜
“For consolidation to continue, Bitcoin may need to revisit the $80,000–$82,000 zone. Rejections at $86,000 have been consistent, and the range is tightening.”
“A step back could be what fuels the next leg higher.” Ooooh, tension builds! How thrilling.
Swissblock, ever the harbinger of crypto wisdom, also observes that the age-old trade war saga is, as expected, already priced into the market. It’s almost like we’ve heard this story before, but now with more tariffs and, for some reason, a penchant for overcompensating in tech stocks. Good times, right? 📉📈
“This weekend, tariff exemptions for tech hit: microchips to cellphones, a lifeline for Apple & Nvidia.”
- Apple: Because who doesn’t need more overpriced tech? 🍏
- Nvidia: The chip you can’t stop hearing about, even though you probably don’t know why. 🖥️
- Trump’s bluffs: Not quite as terrifying anymore, but still weirdly entertaining. 🙄
“Markets aren’t buying Trump’s bluff anymore, not with the same intensity.” A moment of silence for his ability to surprise us. Not really.
- We’ll all survive, but will BTC? Probably. 🤑
And finally, Swissblock’s rather dramatic conclusion: “Bitcoin’s bottom is in, final consolidation phase has started.” Someone get this analyst a cape—what a hero. 🦸♂️
- BTC is currently trading at a slightly dramatic $85,101 at the time of writing. Give or take a few thousand. 😬
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2025-04-17 17:44