Bitcoin Stumbles at $110K, Altcoins Plan Their Daring Escape—You Won’t Believe the Twist!

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Golden Nuggets:

  • Bitcoin, that mischievous old coin, keeps tripping over its shoelaces at $110,000. Meanwhile, the sprightly bunch—BNB, SOL, LINK, and AAVE—are eyeing the high shelves, ready to clamber up if the wind changes. 🍌🪜

Well, well, well, look what we have here! Bitcoin’s (BTC) refusal to leap gracefully over the $110,000 hurdle has the short-term traders scurrying to stuff their pockets with profits before the cookies crumble. Now, the price is huddling near $108,000, shivering slightly and glancing around nervously. Daan Crypto Trades, famed soothsayer of X (which definitely isn’t just Twitter with a blank name tag), reckons that peeking above $110,000 would be a tip-top triumph, but a tumble under $108,000 might mean the floor is, in fact, lava. 🔥🪙

Not to be outdone, a handful of analysts are betting on none other than President Trump’s upcoming “Big Beautiful Bill” (the best bill, nobody writes bills like him) to send Bitcoin into orbit. Meanwhile, the national debt appears to have borrowed Alice’s magic cake—growing from $23.2 trillion in 2020 to a predicted $40 trillion in 2025. Historically, when Uncle Sam gets his credit card out, Bitcoin starts partying. Back in 2020, a Trump-signed COVID bill sent Bitcoin zooming up by 38%. Somewhere, Satoshi is twirling a monocle.

Despite an army of analysts waving little bull flags, Rekt Capital brings his umbrella, warning the sun may set on this bull market in just two or three more months if 2020’s tale repeats itself. Ominous music plays…

Is Bitcoin about to bounce back, with a gang of altcoins clinging to its coattails? Let’s peer into the crystal ball (slightly smudged with chocolate fingerprints) and see what these top 5 cryptos are plotting.

Bitcoin: Attempting to Leap Tall Buildings (And Failing)

Thursday saw the Bitcoin buyers charge bravely at the $110,500 gate—unfortunately, the bears on the battlements dumped a bucket of cold water on their heads. 🧸❄️

Now, with the price dragged below the downtrend line, things are looking a smidge grim. The buyers are manning the moving averages like determined but slightly confused guards—let’s hope they read the manual, because if they fail, BTC could tumble to $105,000 (gasp!), and if that breaks, it’s a slippery slide to $100,000, the psychological safety blanket for crypto dreamers everywhere.

But ah! If the price bounces off the averages like Tigger after an espresso, sentiment might flip, and a rally to $111,980 (nearly exactly $112K—what are the odds?) could be on the menu, with a side of inverse head-and-shoulders pattern at $113,500. All very technical, but imagine a lopsided stickman wearing a wig. 🐯

Down at the 4-hour chart, the pair is clinging to the 50-SMA for dear life, while the bulls are giving it pep talks. Should a surge above the downtrend line occur, the next leg up to $113,500 might get underway. Otherwise, yes, you guessed it, that trapdoor at $105,000 creaks ominously.

BNB: The Reluctant Acrobat 🎪

BNB performed a neat little somersault off the breakout level and swung over the 50-day SMA ($654)—applause, please.

The bears, not fans of acrobatics, are trying to tug the price back down by the ankles. If BNB pirouettes upwards over $665, we might see it vault to $675 or even $698. Should the price fall below those trusty moving averages, though, it signals the crowd has gone home and the show’s over.

The 4-hour chart tells a tale of indecision: the 20-EMA is as flat as a pancake, the RSI is loitering near the midpoint, and neither side seems especially hungry. Above $665 unlocks achievement level “Skyward Rally,” while below the averages, BNB might be headed for a $640 siesta.

Solana: The Comedic Climber 🧗‍♂️

Solana (SOL), after face-planting on the $159 wall a few too many times, stumbled under the 20-day EMA ($148), much to the amusement of passersby.

With the EMA snoozing and the RSI humming to itself, balance reigns—until someone shakes things up. If the bulls vault SOL over $159, they’ll clear a run up to $168 and possibly even $185. But if it slips below $140, things might turn from slapstick to tragedy fast, down to $126—which, in crypto terms, is falling through several trapdoors in succession.

On the 4-hour, if the bulls fail to stop the slip at $145, the next pratfall could be $137. But, if they manage to rebound, we’re on track for a bullish inverse H&S and a pratfall straight up to $192. Expect chaos—and popcorn.

Chainlink: The Sneaky Strategist 🕵️‍♂️

Chainlink (LINK) snuck past the 20-day EMA ($13.32), only to bash its head on the 50-day SMA ($14.09). Sneaky, sure, but bears were waiting with nets above.

Should LINK fall to $12.73 and bounce back like a spring-loaded spy, it’ll have another go at $15.66 or even $18. But woe! A slip below $12.73 and we may send the crypt-detectives in after it, as $11 beckons.

Bears are attempting to snare aggressive bulls, with another defensive standoff at $12.73. Should bulls rally above $14.10, onward to $15.77. Should the floor give out, straight down to $11.50 like a faulty elevator.

Aave: The Reluctant Hero 🦸

Aave (AAVE) finds itself staring down resistance at $286, but the buyers, stubborn as a bucket of concrete, are holding the line above those moving averages.

With averages nudging upwards but the RSI twiddling its thumbs at the midpoint, all bets are off. If AAVE springs from the averages with gusto, it could rocket to $325. Should it slither below, however, $240 and then $220 are waiting below, arms outstretched like gloomy hosts at a cryptoville party.

Bears are furiously defending $286, and if AAVE can rebound above the 20-EMA, another attempt at the boss level ($286) is on the cards, aiming for $295 and $310. Fail to hold the uptrend, and it’s a one-way ticket to $248 or worse, $220. Don’t say I didn’t warn you—oh, but I did! 😁

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2025-07-04 22:54