Ah, the glorious world of Bitcoin, where the only thing more volatile than the price is the U.S. government’s ability to, well, govern. ๐๏ธ๐ธ Good news, though-Uncle Sam is back in business, and those locked-up funds are about to go on a spending spree. ๐ Inflation figures are due at the end of the week, and if they donโt make you weep into your coffee, Bitcoin might just decide itโs time for a major rally. ๐ Or not. Because, you know, Bitcoin. ๐คทโโ๏ธ
Market sentiment? Extreme fear. ๐ฑ Yes, $BTC has been tiptoeing along the cliff edge like a tightrope walker with a gambling problem. But hey, after weeks of bearish shenanigans, the stage is possibly set for a colossal upside rally. ๐ Or another nosedive. Itโs a coin toss. Literally. ๐ช
The U.S. government reopening is like a financial defibrillator-shockingly good news for Bitcoin. ๐ฅ๐ฐ The Treasury General Account (TGA) can finally stop hyperventilating, and bond auctions can resume, potentially unleashing billions of dollars into the wild. ๐ค But hold your horses, because the CPI and PPI figures are lurking around the corner, ready to ignite volatility faster than a cat video goes viral. ๐ฑ๐ฅ
$BTC confirms trend break ๐งฉ
In the short-term chart, the 4-hour Stochastic RSI indicators did a little dance at the bottom and crossed up. ๐ And lo, the price followed suit, retesting and confirming the trend breakout. ๐ฏ Above, a couple of horizontal resistances are waiting like bouncers at an exclusive club, with $107,000 being the VIP level. If $BTC crashes that party, it could break the main trendline from the all-time high-a moment so pivotal, it deserves its own soundtrack. ๐ถ
Retest of major trendline still to come? ๐ฎ
The daily chart looks like $BTC is being squeezed into a financial funnel between an 8-year trendline and a 15-month trendline. ๐ The gap between the price and the bottom trendline is now smaller than a politicianโs promise. A 7% flash crash could retest that major trend faster than you can say โHODL.โ โณ Of course, this could happen anytime, so keep your popcorn ready. ๐ฟ
2-week Stochastic RSI indicators are key ๐
The 2-week chart shows two complete cycles for $BTC, each more dramatic than a soap opera plot twist. ๐งผโจ This current cycle is outlasting the previous ones, and if things go according to plan (ha!), this bull market could party into Q1 or even Q2 of 2026. ๐ Why? Bitcoin ETFs, corporate treasuries, and the Stochastic RSI indicator are all whispering sweet nothings about upside momentum. ๐ It might take another week for the indicator lines to reach the bottom, but when they cross back up, strap in. ๐
Looking at the last four cross-ups, the rallies were 100%, 194%, 120%, and 70%. ๐ If we take the smallest rally (70%) from a starting point of $100,000, weโre looking at $170,000. A 100% rally? $200,000. ๐ค Or, you know, it could all go sideways. Because Bitcoin. ๐คช
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2025-11-12 13:48