Bitcoin’s Dramatic Plunge: Will It Soar or Sink? Find Out! 💸

by

Ah, the ever-so-charming world of cryptocurrency! A certain crypto analyst, who shall remain nameless (but has quite the following on X, darling), has decided to grace us with his predictions on Bitcoin‘s potential nosedive. How delightful! 🎩

According to our dear analyst, if Bitcoin were to lose its footing around the $101,000 to $102,000 mark, we might just find ourselves in the mid-$90,000s. Oh, the drama! But fear not, for he assures us that demand for this digital darling will outstrip the supply of BTC mined since the dawn of time. Quite the optimistic outlook, wouldn’t you say? 😏

“We are still making higher highs and higher lows, overall this is a strong uptrend… [In my opinion], the worst-case scenario [if] the trend [were] to continue [is] we see mid $90,000s as the next higher low. That’s IF we lose around $101,000-$102,000 area, which is the current support.”

“Now, comparing this to 2021 is simply absurd! Back then, we were wading through a sea of quantitative tightening after a rather extravagant party. The situation is positively different now!”

“The competition for BTC is growing fiercer by the day, and I daresay the demand is greater than the daily mined BTC. So, demand > supply, my dear friends! The real enemy? Our own impatience. I, too, have fallen prey to such folly from time to time.”

Our trader’s rather artistic chart suggests that BTC might dip to his target between June and July, only to rise like a phoenix to the $120,000 range. How poetic! 📈

As of this very moment, BTC is trading at a rather modest $105,471, having taken a slight tumble of 1.5% in the last 24 hours. Oh, the suspense!

Read More

2025-05-30 23:04