Ah, Bitcoin! That digital dragon that loves to sit on its shiny pile of gold coins, barely twitching while everyone holds their breath. Itâs currently doing the old âhang out in a tiny boxâ trick-hovering above its safety net like a cautious cat, refusing to leap without checking the wind first. Buyers and sellers? Oh, theyâre tiptoeing around like theyâre in a dance-off for the slowest two-step ever-no one wants to make the first mistake and get trampled.
Technical Analysis
By Shayan (the brave soul who dares to decipher Bitcoinâs mumbo jumbo)
The Daily Chart
Picture Bitcoin clinging to its imaginary cliff-edge somewhere between $107K and $110K-a cozy little ledge that saved it from tumbling down recently. Now itâs got its greedy eyes on the pot of gold just shy of $124K, though the pesky goblins of âprevious sellersâ might come out to play and chase it away.
On the bright side, the long-term trend line and those boring moving averages are like loyal sidekicks, cheering Bitcoin on with pompoms. But donât get too excited! The candles look more like sleepy little marshmallows than fiery dragons, meaning no oneâs showing up for a wild buying spree just yet. One wrong step, and bitcoin might just decide to do a graceful moonwalk down.
Should it manage to crash the party above $118K-$120K, that could be the golden ticket to an all-time high encore. Fail, though, and itâs back to the $110K safety net, limping like a sheepdog who missed the last bus.
The 4-Hour Chart
Zooming in-because who doesnât love a magnifying glass? On the 4-hour stage, Bitcoinâs been doing a tentative little dance around the $115K-$118K supply zone. It bounced off its decision point like a superhero from a springboard but soon got squeezed tighter than a sardine in a tin can.
Right now, itâs stuck between the âplease-donât-fallâ support at $112K and the âouch, thatâs a brick wallâ resistance just below $118K. A breakout here will tell us if Bitcoinâs ready to charge into the spotlight or sulk back under its rock near $110K. Itâs like watching a soap opera cliffhanger, but with more graphs and fewer commercial breaks.
On-chain Analysis
By Shayan (still decoding the magical blockchain mysteries)
Hereâs where smarty-pants talk about the âRealized Priceâ of mid-term holders-those poor souls whoâve been holding their coins for 3-6 months, hoping for glory. Turns out, these numbers are like mood rings for the market, showing when people are feeling âsafeâ or âoh no, sell everything!â
Recently, Bitcoin bounced up over $114K, which is the magical breakeven point where these holders stop panicking and maybe crack a smile. If Bitcoin can stay above this invisible line, these folks might cheer it on for another wild ride to the peaks. If not… well, imagine a party where everyone suddenly remembers they have an early meeting the next day. Yeah, it gets messy.
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2025-09-12 18:45