Ah, the ever-divine Bitcoin! Over the last few weeks, this elusive creature has been dancing waltz with the heavens, performing pirouettes that would make any ballerina envious as it soared past the lofty heights of $124,100. But, as is the nature of such things, the joyous lift has been met with an unwelcome embrace from the forces of bearishness, leaving our dear Bitcoin flailing about at a rather humble $118,000 for the duration of the weekend. What a tragicomedy! 🎭
In a delightful twist, a self-proclaimed crypto sage on the social media bazaar known as X has gallantly identified levels that could be pivotal for this financial marvel’s next act. 🧐
Beware! The $117,500 and $114,500 Treacherous Waters Await! 🏴☠️
In a recent missive dispatched to the realm of X, our crypto oracle-none other than the illustrious Ali Martinez-has pinpointed two pivotal support levels that could either offer salvation or plunge us into despair, depending on your stance. This oracle’s wisdom is drawn from the sacred tomes of cost-basis distribution, a concept as convoluted as a Dostoevsky novel.
The mystic CBD (cost basis distribution, mind you!) evaluates the average cost of Bitcoin held across various price brackets as if they were souls in purgatory, awaiting their fate. A glance at the accompanying heatmap-yes, even Bitcoin has someone to manage its PR-reveals a rather unfortunate gathering of souls around the $117,500 and $114,500 realms. Noteworthy is the revelation that 72,900 BTC and 56,201 BTC have found their home at these levels, hinting at a motley crew of investors who bought in while the going was hot. 🔥
Martinez, in an act of exquisite heroism, has designated these $117,500 and $114,500 levels as the last bastions of hope for the beleaguered Bitcoin. Should the price stumble back down to these levels, those who still dance among the profits are likely to throw cash at the screens, hoping to buoy their beloved Bitcoin. Such is their devotion! 🥳
However, let us not be deceived: should our Bitcoin companion slip beneath the fateful threshold of $114,500, it may find itself in a freefall that no safety net can catch. The horror! 😱
Bitcoin Price: A Glimpse Through the Crystal Ball 🔮
As we pen these words, Bitcoin stands astutely at around $117,600, making absolutely no fuss as it remains stagnant for a full 24 hours-a reflection of uncertainty gripping the world’s largest market in its icy embrace. According to the enigmatic prophets over at CoinGecko, our beloved cryptocurrency has mustered up a mere 0.7% increase over the last week. Such thrilling times! 🙄
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2025-08-17 23:48