Oh, dear reader, gather ’round! The Bitcoin price soared to nearly $98,000 on Tuesday, but then-poof!-it vanished like a magician’s rabbit. Now it’s slinking back down to the $94,500 breakout level, where the coins are whispering, “Will we leap to $100K or stumble into a bear market abyss? 🐍”
$BTC price consolidates after breakout
Some social media goblins are already howling, “The rally is dead! The bear market is here!” But the short-term chart? It’s playing hide-and-seek, refusing to reveal its secrets. The $94,500 support is like a stubborn chocolate fountain-will it hold, or will the bulls cry “Uncle!”? 🧙♂️
The price fell through the ascending trendline, but don’t fret! It’s just the market taking a nap, dreaming of higher highs. The 4-hour Stochastic RSI has reset, and by weekend, the price might sprint like a caffeinated squirrel. 🐿️
Oh, the drama! The RSI is teetering on a 14-month trendline, like a tightrope walker with a fear of heights. If it soars, Bitcoin could explode like a confetti cannon. If it plummets, the rally might end with a sad trombone. 🎺
RSI breakout by end of January?
The daily chart is a mystery wrapped in a riddle, but the RSI is the star of the show. It’s flirting with a descending trendline, and the outcome? A cliffhanger! If the RSI jumps, Bitcoin could rocket higher. If it sags, the party ends… and no one gets a cookie. 🍪
Another week needed to confirm breakout on high time frame
The weekly chart is a cheerful optimist, saying, “This is no bear market rally! It’s a grand adventure!” The ascending triangle is like a treasure map, and if the price stays above, the breakout might be real. 🗺️
The Stochastic RSI is cheering, “Up, up, and away!” But if it dips below 20.00, the fun stops. It’s a high-stakes game of “What If?” with Bitcoin as the reluctant hero. 🎭
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2026-01-16 14:37