Bitcoin’s Daring Dance: Will It Waltz Back to Glory? 💃🕺

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Ah, the ever-dramatic world of cryptocurrency! A certain crypto strategist, who seems to have a knack for predicting Bitcoin’s rather theatrical plummet below the $80,000 mark, now insists that our dear BTC might just be on the verge of a splendid comeback—if it can manage to cling to a rather crucial price point. How charming! 🎩

In a delightful tête-à-tête with his 49,800 YouTube followers, the enigmatic analyst known as Cheds has declared that Bitcoin has seemingly pirouetted out of a W pattern on the four-hour chart. A W pattern, you ask? Why, it’s the financial equivalent of a dramatic entrance, suggesting our beloved asset has found a price floor after a couple of bouncy encounters with a key support level. Bravo! 👏

“We had a break of the W and then a throwback, a throwback being a bullish retest from above. This looks pretty conducive, and this type of price action tells me, ‘Okay, we might be front running $72,000.’” Oh, the suspense! Will it or won’t it? 🎭

“Giving me a little bit of confidence was a shift in equities markets, and the idea that price was at the MA (moving average) 50, and that’s been support.” How positively riveting! One can hardly contain their excitement! 📈

Cheds further opines that Bitcoin is likely to frolic to higher prices as long as its immediate support level, nestled between $78,500 and $81,000, holds firm. Fingers crossed! 🤞

“Regain $81,000 and we’re back in business… Back above $81,000, we’re back with the idea of regaining that low time frame pivot corresponding with the high time frame support at the MA50, and with the idea that the bulls are going to recapture the trend, which is the rising MA200.” My, what a mouthful! One could almost hear the clinking of champagne glasses! 🥂

As of this very moment, Bitcoin is strutting its stuff at a rather dapper $85,301. How delightful! 💰

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2025-04-13 10:22