🤑 Bitcoin’s $91K Plunge: A Trap for Bears or a Goldmine? 📉📈

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In the whimsical realm of digital gold, where the line between fantasy and finance blurs, our cryptic soothsayer, Merlijn, has decreed the recent nosedive of Bitcoin to $91,000 an act of cunning rather than collapse. Like a matador luring the bull, the market’s optimism has returned with a vengeance, and the flagship crypto has soared once more above the fabled $100,000 mark. 🎉

Merlijn, in his mystical X post, has labeled this event the “biggest bear trap of this cycle,” a repeat performance from the grand spectacles of 2017 and 2021. He predicts, with a twinkle in his eye, that Bitcoin and its crypto kin are on the cusp of a rally that will make even the most jaded of investors swoon. Every bull run, he muses, has its final bear trap before the grand finale. 🐻🕳️

The sudden fall, sparked by the great Trump’s tariffs, had the market in a tizzy, with Mexico and Canada joining the trade tango. Yet, like a phoenix from the ashes, BTC arose from its weekend slumber, proving the bear trap to be nothing but a mirage. 🌊🔥

As the US, Mexico, and Canada took a breather from their tariff tiff, Bitcoin reclaimed its throne at $100,000. The market’s heart, once again, swells with the optimism of a thousand altcoins, each dancing in the crypto renaissance. Merlijn warns the faint of heart: be shaken out or stand tall for the ultimate ride. 🎢

Merlijn’s chart, a cryptic map to the treasure of the bull cycle, suggests the journey is far from over. Renewed optimism, FOMO, and Euphoria await before the cycle’s crescendo. 🎨🌟

Rekt Capital, another seer of the crypto courts, has spoken of Bitcoin’s next move. A daily close above $101,000, he proclaims, is the key to the kingdom, with sights set on the majestic $103,000. The next hurdle? A resistance at $106,148, a number that sounds as formidable as it is. 🚀

Titan of Crypto, a behemoth among analysts, maintains that the bull’s reign is unbroken. As long as BTC keeps its monthly close above the 38.2% Fibonacci retracement level, the trend remains golden. His continuation pattern hints at a short-term summit of $117,000. 🏔️💰

As the ink dries on this tale, Bitcoin hovers around $99,500, a 5% ascent in the blink of an eye, according to the sages at CoinMarketCap. The stage is set, the actors poised, and the drama of the crypto market continues. 🎭💹

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2025-02-04 20:11