Will Bitcoin Bounce or Keep Falling? 😂📉

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Bitcoin takes another dive, flirting with support like a shy poet hesitant to spill his secrets. Will the buyers finally show up, or is this just another chapter in the grand comedy of crypto? 🤡

  • Bitcoin, in a mood, decided to go downward—below the lofty $108,500 mark—like a stubborn muse resisting inspiration.
  • The price is wandering below $108,000, probably contemplating its life choices, with the 100-hour Simple Moving Average looking on skeptically.
  • Meanwhile, a bearish trend line is forming, resisting with the patience of a novice dancer at a slow dance, tangled at $108,000 — a resistance so charming it could win an award.
  • But hey, if Bitcoin finally cracks that $108,500 barrier—nothing stops it from struttin’ its stuff all the way up to $110,000. Or so they say. Or hope.

Bitcoin’s Great Support Comedy

The coin took a nosedive below $108,500—too generous to wait around, perhaps. It even dipped below $107,400, teasing the next support at $106,800 like a kid poking another in class.

But don’t worry—Bitcoin bounced back, climbing above $107,500 and even nudging past the 23.6% Fibonacci retracement, like a tired boxer trying to pretend he’s still a contender after a hard round.

Currently trading below $108,000 and the 100-hour SMA, it faces resistance at that very same level—like a stubborn cat refusing to jump on the bed. A key bearish trend line adds to the drama at $108,000.

The real party begins at $108,650—the 50% Fib level—where things could get spicy. Maybe $109,000 if it feels brave. Everyone loves a spectacle, after all.

Bitcoin chart showing support and resistance levels

If Bitcoin finally jumps over $109,000, expect a bullish party with a test at $110,000, and perhaps even a little dance to $112,000. Because, why not? It’s the crypto circus.

Or… Another Drop? The Drama Continues

If the brave attempt at $108,500 fails, Bitcoin might pout and correct itself—support levels at $107,200 and further down to $106,800, like a moody teenager.

The next hopes, if the mood darkens, sit at $106,000 and $105,000, with the ominous $103,500 lurking as the main support—should Bitcoin decide to throw a fit.

Technical gossip:

Hourly MACD—losing steam, channeling that melodramatic vibe in the bearish zone.

Hourly RSI—dipping below 50, hinting that the market’s feeling a bit sleepy or maybe just over it.

Major supports—$107,200, then $106,800. Major resistances—$108,000 and $110,000. The usual soap opera.

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2025-05-29 04:54