Bitcoin’s Bottom: Slimmer Than a Cat’s Whisker Below $55K!

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Oh, the Bollinger Bands are wagging their fingers at Bitcoin, saying, “Not on my watch, mate!” 📊 The numbers don’t lie, and they’re scoffing at those who predict a $35K plunge. Professional wizards of finance have scribbled support levels so sturdy, they’d make a fortress blush. 🛡️

The recent price wobble of Bitcoin has sparked a kerfuffle. Some traders are tossing darts at a board, shouting “Crash!” to $35K, while others are sipping tea, confident the support levels are sturdier than a brick privvy. 🧠🔮

Sykodelic on X calls the $35K prediction “pure rubbish”-and he’s got charts to back it up, shared with his 62,000 followers. Bitcoin, he claims, has never violated monthly Bollinger Bands at market bottoms. Ever. Not once. Not even for a cup of cocoa. 📉🧮

Why $35K Predictions Miss the Mark

Source: Sykodelic on X

Sykodelic says Bitcoin only briefly breached overbought during this cycle. Earlier ones? They were RSI rockets shooting for the stars. But 2024-2025? More like a sleepy sloth with a hangover. 🐌💤

To reverse 75 percent, Bitcoin needs to stretch like a giraffe in yoga class, Sykodelic tweets. But this cycle? It’s tighter than a new pair of trousers. Deep retreats demand deep extensions-like a bad breakup needing a decade of therapy. 🧍🦰💔

Bitcoin’s dancing at ~$87K after a quickie dip to $84K. It hit $126K in October-a 31% correction. Still, it’s pricier than a diamond-studded toast. 🍞💎

You might also like: Bitcoin Enters Max Value Zone Amid Political Support 🎩🗳️

Historical Patterns Point to Higher Lows

The 2017 cycle was a 160x rollercoaster-imagine Bitcoin riding a rocket fueled by pixie sticks. Yet even that wild ride didn’t tickle the lower Bollinger Bands. 🚀🍬

It’s more 2019 than 2018. QT ended with Bitcoin at mid-Bollinger Bands. The RSI? Loitering like a teenager avoiding chores. 🧒🧹

Sykodelic spied the monthly Bollinger Band at $55K. His X post declared, “Absolute worst-case? The bottom’s at $55K. Pack your umbrellas, but don’t hold your breath.” ☔💸

Market Structure Has Fundamentally Changed

PhilakoneCrypto on X questions deeper dives. “Bear markets? We’ve had 365 days of those in history. Previous cycles saw 78-86% drops,” he tweets. But now? Institutional adoption’s here-like Bitcoin swapped pajamas for a tuxedo. 🕴️🎩

Source: X, PhilakoneCrypto

ETFs? They’ve turned Bitcoin into a fancy cheese board-depthier than a philosopher’s monologue. Even $55K is unlikely, says Jeff Ko of CoinEx. The bear case aims for $65K-68K. Four-year cycles? Disintegrating like a sugar cube in lava. 🔥🧊

You might also like: Bitcoin MACD Turns Bearish: History Says Brace for Impact 🚨📉

Critical Support Zones Under Watch

Augustine Fan of SignalPlus warns that if Bitcoin dips below 72K-75K, chaos might erupt-like a toddler with a stash of glitter. A sub-optimization below? Disastrous halts, they caution. The DAT interrupt sale could mess with Strategy positions like a monkey in a machine shop. 🐒🔧

Bitcoin’s currently doing the limbo-how low can it go? The Bollinger Bands are tighter than a new pair of trousers, and the historical trend says, “Not below 55K, thank you very much.” 👖📉

Marketeers must grasp price drivers beyond random scribbles. Technical indicators? They’re the GPS when you’re lost in a forest of doubt. Monthly bottoms? Bollinger Bands have never missed a beat. 🧭🌲

Bitcoin’s consolidating, and the debate’s a snooze-fest. History’s rooting for floors above 55K. Institutional flows? They’ll keep corrections as shallow as a puddle in a parking lot. 🚗🌧️

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2025-12-02 22:57