Bitcoin’s Rollercoaster: Brace for Impact or Just Another Crypto Drama? 🤯

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In the grand, unpredictable circus that is Bitcoin, the cryptocurrency has once again decided to play its favorite game: “Will It Crash or Will It Soar?” 🤔 Despite valiantly clawing its way back above $120,000, Bitcoin seems to be casually flirting with the idea of a bearish embrace. This could lead to a crash so notable, it might just make headlines like “Bitcoin Takes a Nosedive: Again!” 📉

Bitcoin: Exhaustion or Just Taking a Nap? 🛏️

Crypto analyst TehThomas, who presumably spends more time staring at charts than the sun, has pointed out that Bitcoin’s price action is showing signs of exhaustion. 🥱 This could mean that sellers are starting to cash in their chips, while buyers are taking a coffee break. 🍵 Without enough demand to counter the supply, Bitcoin might just slide into the bearish territory, much like a sleepy sloth slipping off a branch. 🦥

Furthermore, the rejection block aligned with the 4-Hour charts reveals a strong confluence zone for sellers. 🐻 This puts bears firmly in charge, and with the price closing within this zone, the reversal trend gains more strength, potentially pushing for a further retracement. It’s like watching a tug-of-war where the bears have just taken a caffeine boost. ☕

The Fair Value Gap: Filling the Void or Just Creating More Chaos? 🕳️

There’s a fair value gap hanging out above $112,000, waiting to be filled. 🕳️ This level becomes the first target in the event of a price retracement. Historically, fair value gaps tend to be filled before the bullish momentum resumes, much like how your stomach needs to be filled before you can tackle another slice of pizza. 🍕

Additionally, Bitcoin’s price moved “through a cluster of resting liquidity above recent highs.” This level acted as a trap for late buyers and longs, triggering a wave of liquidations as the price moved downward again. It’s like setting up a booby trap in a jungle, only to realize you’re the one who’s going to step on it. 🌴

If this bearish scenario plays out, the analyst expects Bitcoin to crash back to $110,000 to fill the gaps. 🕳️ However, completing this move would set the stage for the next upward wave toward the peaks, because in the world of Bitcoin, what goes down must come up-eventually. 🌊

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2025-08-14 11:36