Bitcoin’s Next Shocking Twist—Will You Laugh Or Cry?

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Well now, friends, let me spin you a yarn about this here Bitcoin contraption. It done danced above $80,000 quicker than a bullfrog in mating season. But wouldn’t you know, it’s now scratching its head, wondering if that fancy $79,500 line can keep it from tumbling like a small-town paper at closing time. 🤔

  • Bitcoin hopped right over the $80,000 mark like it had wings.
  • Price is swaggering above $79,500 and that highfalutin 100-hourly “Simple” moving average—ain’t nothing simple about it, I tell ya.
  • A brand-spankin’-new bearish trend line is skulking around $80,500 on the hourly chart (or so those Kraken folks whisper).
  • Should Bitcoin muster up the gumption to best $80,500, we might see it scuttle higher, like a cat chasing a laser pointer.

A Dip Rivals The Mississippi River

Our dear Bitcoin soared above $77,500 in a mighty show of bravado. It found itself a nice footing above $79,500 and $80,000, letting the bulls puff their chests out. Then it strolled right past $82,500, set a high of $83,548, and got so pleased it decided to take a breather. Promptly slid under $81,500, and even teased below that 23.6% Fib retracement level—whatever that means, but it sure sounds fancy. 😏

Still, this rascal’s perched above $79,200 and that 100-hourly contraption. Should luck be with us, and it sneaks past $80,500, the next tall hill might be $81,500, followed by $82,500. Maybe we’ll see $83,500 or even $85,000 if the stars align just right, but I ain’t wagering the family farm on it.

Heck, if these folks push it beyond $82,500, keep your best Sunday hat at the ready—Bitcoin might just gallop higher, leaving the rest of us in the dust.

Could The Wheels Fall Off?

But lo and behold, if our beloved Bitcoin can’t haul itself over that ornery $80,500 level, it might flop worse than a lazy cat in the summertime. Look first to that $79,500 support, then brace for $79,000, maybe all the way down to $78,000. If it keeps rolling downhill, we could find ourselves around $76,500. You know how these things go—sometimes it’s up, sometimes it’s down, and sometimes it’s as befuddling as Uncle Clem’s tall tales. 😅

For you technical souls:

• Hourly MACD is huffin’ and puffin’ a little slower in the bull zone.

• Hourly RSI’s shyly standing above 50, like it’s waiting for an invite to the dance.

• Big supports: $79,500, then $79,000.

• Big resistances: $80,500 and $81,500 (enter if you dare!).

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2025-04-11 05:30