BTC’s Descent into Madness: 2.64% Plunge & Eternal $88k Battle!

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Ah, the wretched correction! CoinStats, that most insufferable of prophets, declares it the most likely scenario for these poor souls clutching their crypto. One might say it’s as if the market itself has descended into the abyss of mediocrity, dragging the coins down with it like a pack of damned souls in a tar pit. 😂

BTC/USD

The price of Bitcoin (BTC) has fallen by 2.64% over the last day. A tragedy? A farce? Or perhaps both? The coin, that golden idol of modern man, now teeters like a drunkard on the edge of $87,444-a local resistance level so feeble it could be shattered by a whisper from a toddler. 🤡

On the hourly chart, the rate of BTC is coming back to this local resistance of $87,444. If its breakout occurs, growth is likely to continue to the $88,000-$88,500 range soon. A “breakout”? Pah! This is the desperate flailing of a coin that forgot how to fly. It will break out only to be yanked back by gravity-or perhaps by the ghost of Satoshi Nakamoto, who surely rolls in his grave at such chaos. 🎭

On the longer time frame, the picture is less positive for bulls. The price of the main coin is far from the support and resistance levels, which means traders are unlikely to see sharp moves soon. Oh, but what a purgatory this is! Bulls and bears locked in a stalemate, like two drunks arguing over who drank more kvas. Traders, you poor devils, prepare to suffer. 🤷‍♂️

All in all, sideways trading in the range of $86,000-$89,000 is the most likely scenario. A dance of futility, my friends! A waltz between hope and despair, where neither side dares to lead. It is the eternal torment of the indecisive-neither rising nor falling, but merely… existing. 🌀

A similar situation can be seen on the weekly chart. The falling volume confirms that neither buyers nor sellers have accumulated enough strength to seize the initiative. A battle without weapons! A war without bullets! Only the deafening silence of a market too tired to care. 💤

Bitcoin is trading at $87,302 at press time. A number, yes-but what does it mean? To you, it is a lifeline. To the market, it is a cruel joke. To me, it is the sound of your suffering. And yet, I laugh. 😈

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2025-12-16 20:18