In the vast and tumultuous sea of financial speculation, where the waves of greed and fear crash upon the shores of human folly, Bitcoin, that enigmatic leviathan, continues its dance around the sum of $102,000. Yet, not all souls are swayed by this spectacle. DonAlt, the sage of XRP, whose eyes pierce through the veil of market illusions, remains unmoved. “I just don’t see it,” he proclaimed with a shrug, his words echoing across the digital plains. He shall wait, with the patience of a hunter, until the price ascends to $110,000, or until the market, in its infinite wisdom, decides to “nuke sufficiently.” 🧨
The charts, those silent oracles of truth, lend credence to his skepticism. Bitcoin’s one-hour structure reveals a hanging midrange, a fragile construct devoid of volume support beneath $101,000. A rejection from $105,000 earlier this week confirmed what DonAlt aptly termed “a market pretending to recover.” Oh, the irony of it all! A recovery as genuine as a three-dollar note. 💸
Beneath this facade lies a deeper peril. Should the price falter below $100,000, there awaits a void, a chasm of despair, until the next high-liquidity cluster at $94,000-$95,000, the very range that fueled August’s breakout. To fall into this abyss would be, in DonAlt’s words, “sufficiently nuked.” 🌋
Saylor and His Strategy: A Tale of Hubris?
DonAlt’s chart also draws a parallel with Strategy (MSTR), the public Bitcoin vehicle helmed by the indefatigable Saylor. Alas, even this vessel is not immune to the tempest. Sliding after losing support at $240, it now teeters on the edge, with the next structural shelf a staggering 55% lower, around $109. One cannot help but wonder, with a touch of schadenfreude, “What happens to this garbage if BTC doesn’t hold $100k?” 🗑️
What happens to this garbage if BTC doesn’t hold $100k?
– DonAlt (@CryptoDonAlt) November 7, 2025
Should Bitcoin fail to maintain its six-figure stature, MSTR’s treasury leverage, once a beacon of hope, shall become a double-edged sword. The firm’s position of 641,205 BTC, valued at approximately $65 billion, still gleams with paper gains. Yet, one more downward thrust could erase this buffer, leaving only ashes in its wake. 🔥
Hope, that eternal flame, flickers yet. Reclaiming $110,000 with vigor would herald a return to accumulation, triggering short covers toward $118,000-$120,000. Until then, the charts remain fragile, traders defensive, and even the most vociferous bulls admit, with a sigh, that they too “just don’t see it.” 🌪️
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2025-11-07 12:59