The digital gold, Bitcoin, once again dances on the edge of a precipice, flirting with disaster like a Soviet bureaucrat counting rubles in a breadline.
- Bitcoin, that rebellious child of finance, stumbled yet again-unable to conquer the lofty heights of $116,000, as if the Party itself had declared it forbidden.
- Now languishing beneath $115,000, it bows before the merciless 100-hour moving average, a statistician’s cold judgment.
- A sinister trend line coils around its neck like a noose, tightening at $118,250-proof that even in charts, tyranny finds a way.
- Should it falter below $110,500, the abyss awaits, ready to swallow another dreamer whole.
The People’s Resistance
Bitcoin, ever the optimist, clawed its way back from the depths of $112,000, scaling past $112,500 and $113,200 like a prisoner tunneling toward daylight-only to find another wall.
It reached the 61.8% Fibonacci retracement, a number as arbitrary as a five-year plan, before collapsing under the weight of $115,000. The Party demands compliance.
Now, beneath both price and moving average, it gazes up at the bearish trend line-$118,250, a checkpoint manned by invisible guards.
The first hurdle? A paltry $114,000-hardly worth the effort. Then $115,000, where hope goes to die. Should it miraculously breach $116,000, the next test awaits at $117,200, a cruel joke disguised as progress. Beyond that? $118,500-where the Party laughs and says, “Try again, comrade.”
The Gulag Beckons
If Bitcoin fails-and it always fails-the descent begins. $111,800 is the first stop, a pitiful shelter. Then $110,500, where the weak are culled. Below that? $110,200, then $108,500-each step a deeper circle of capitalist hell. And at $107,000? The gulag gates swing open.
Technical indictments:
Hourly MACD – The bearish momentum accelerates, like a train to Siberia.
Hourly RSI – Below 50, where morale goes to wither.
Major Support Levels – $111,800 (whispered prayers), $110,500 (last cigarette).
Major Resistance Levels – $115,000 (delusion), $116,000 (fantasy).
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2025-10-15 07:47