Bitcoin: Is $100K the New Floor? 😬

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Okay, so Bitcoin is having a moment. And by “moment” I mean it’s currently experiencing what I like to call a “gravity check.” 📉 It’s sliding down, down, down, getting dangerously close to that $103,000 mark as the entire crypto world seems to have collectively decided to take a nap. Like, a long nap. After a bunch of false starts, it’s lost its footing, and suddenly everyone is selling. It’s very dramatic. Like a reality TV show, but with more numbers.

Apparently, some very serious “top analyst” named Axel Adler (sounds like a Bond villain, honestly) says there’s a magical support zone between $106,000 and $107,000. It’s all very technical, involving things like “Short-Term Holder Realized Price” and the “200-day simple moving average.” Basically, it’s where Bitcoin has historically gone to cry after a bad day. It’s where things *should* bounce back. Key word: should. 🤷‍♀️

But here’s the thing: momentum is…not great. As more people panic (because humans are fascinatingly predictable), all eyes are glued to that $106K-$107K range. Like, will it hold? Won’t it? It’s edge-of-your-seat stuff. (Okay, maybe not *edge-of-your-seat*. More like slightly-concerned-while-sipping-tea stuff.)

Is This Just a Normal Dip, or Something Worse?

Adler (still sounds like a Bond villain) warns that if Bitcoin dips below $106K, we might be heading to $100,000. Which, let’s be real, is still a lot of money but…you know. It’s a psychological blow. He says $100K is a kind of “springboard,” historically. Which is just a fancy way of saying “maybe it’ll bounce.” But only *maybe*.

He *does* say the macro structure is still “bullish” if $100K holds. Because apparently, people still believe in Bitcoin. Good for them! But Bitcoin is already flirting with the lower end of things, so…uh oh. 😬 Analysts are now obsessed with “daily candle closes.” Apparently, those are important. Who knew? It’ll tell us if this is a little “liquidity sweep” or a full-blown bear attack.

If it bounces back above $107K, everyone will say it was a “healthy reset.” If it doesn’t, things could get…extended. Like a really, really long winter. 🥶

The Ongoing Saga of Bitcoin’s Price

Currently, Bitcoin’s just…existing around $106,000. It tried to get enthusiastic about $115K and $117.5K, but it didn’t work out. It briefly hit $103,500, then rebounded a bit. Everyone’s watching anxiously to see if that 200-day moving average – currently around $107,500 – can save the day. It’s a lot of pressure on a line on a chart, honestly.

Those moving averages are all pointing down, which is never a good sign. Unless Bitcoin gets its act together and closes above $107K, everyone is going to remain deeply skeptical. Basically, it’s a wait-and-see situation. And in the meantime, I’m going to go make a cup of tea. Because honestly, stressing about Bitcoin is exhausting.

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2025-10-18 05:18