Bitcoin: King of the Rollercoaster 🎢

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Yesterday, Bitcoin and the crypto world went on a wild ride, diving faster than a peso on news of a U.S. trade war, only to skyrocket back up when Trump decided to play nice with Mexico and Canada. Yeah, a 9% drop and then a 12% bounce – what a day!

Analyst Daan, who probably has a magic touch, shared some technical wizardry on X, basically saying Bitcoin’s like the superhero of the market – strong, resilient, and not giving a damn about the ups and downs. Even with a crazy sell-off, Bitcoin’s still looking like the cool kid on the block.

Now, everyone’s holding their breath to see if Bitcoin can keep this party going and hit new highs. The next few days are like a reality TV show for crypto – who will win? For now, Bitcoin’s strutting its stuff, showing it’s the boss.

Bitcoin: Still the Big Boss

Despite the market throwing a tantrum, Bitcoin’s still the top dog compared to those altcoins. While altcoins are playing catch-up, Bitcoin’s like, “Hold my beer,” and bouncing back faster than a rubber ball. Looks like altseason’s gonna have to wait.

Daan’s back with more insights, basically saying Bitcoin’s the strongest in the room and looking good, even from far away. Demand for Bitcoin? Through the roof, especially when things get crazy. Altcoins? Not so much.

According to Daan, Bitcoin’s playing it safe between $90K and $109K. Stay in this zone, and we might see another big move. Break that ATH, and it’s party time, leaving altcoins in the dust.

And let’s not forget the big guys – institutional investors are loading up on Bitcoin like it’s going out of style (which it won’t). This isn’t your grandma’s market rally; it’s the big leagues now.

Testing the Waters at $100K

Bitcoin’s doing a balancing act just below $100K, currently at $99,400. Will it stick the landing or fall flat? Nobody knows, but everyone’s watching.

To prove it’s still got it, Bitcoin needs to take back the $100K mark and make it its own. That’s a big hurdle, but if it succeeds, get ready for more fireworks. If not, well, let’s just say it might need a break.

But hey, as long as Bitcoin stays above $98K, there’s hope. Fall below that, and we might be in for a bumpy ride. And if Bitcoin wants to really show off, it needs to conquer $103,600. That’s the ticket to a potential moonshot. Stay tuned!

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2025-02-05 03:41