Is Bitcoin About To Make You Rich Or Just Annoyed? Analysts Warn Of Weekend Shenanigans!

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Ah, Friday. The half-finished sandwich of the week. Bitcoin (BTC), ever the drama queen of the financial world, is once again teetering on the edge of “amazing” or “hilariously disappointing.” With markets retracing, Bitcoin is hustling to reclaim a support zone so crucial it probably has its own VIP lounge. Some analyst—let’s call him Nostradamus with a Discord account—reckons that if Bitcoin closes the day strongly, the weekend could be as bullish as a cockerel at sunrise… all while juggling more volatility than a caffeinated squirrel. 🐿️💥

Bitcoin Breakout To Come ‘Sooner Or Later’ (Or Maybe Never, Who Knows)

Freshly into a new quarter where numbers are reset and optimism is legally required, Bitcoin has played footsie with its favorite levels: caressing $105,000 for support, romancing $110,000 for resistance, and, on Tuesday, plummeting to a two-week low—it just needed a nap, really. The rollercoaster continues as Analyst Sjuul from AltCryptoGems bravely declares that BTC needs a solid rebound from the all-important $104,000-$106,000 zone, otherwise things could fall to the murky depths of $101,000, a price floor so forlorn only lost socks and unfulfilled ICOs reside there.

two months of heroic dithering. Sjuul explains that one must, in solemn duty, abide by the range—highs, mids, and lows, all dignified and important, but today’s drama is at the mid-range, where the bulls must make their majestic entrance.

The crystal ball says we might see another jaunt above $110,000, possibly to tidy up “unfinished business” and collect the liquidity people left lying around. There’s a “huge cluster” near $111,000, which, much like a free buffet, is simply irresistible to prices. “Sooner or later,” says Sjuul—a phrase which, in crypto, means “any time between a minute and the heat death of the universe.” 🚀

BTC Eyes Pivotal Closes (Hold Onto Your Hats!)

After being spurned by $108,000 at the week’s opening—Bitcoin clearly prefers to be mysterious—analyst Rekt Capital noted that BTC had the audacity to break two downtrends in 40 days (that’s like a year in crypto time), but then chickened out at a 6-week diagonal resistance line, right around $108,000. Twice this week, Bitcoin managed to sneak above resistance, and even closed the day at $109,000 on Thursday, only to slide down again Friday like an over-vigilant tobogganer, landing around $107,245.

According to Rekt Capital, what we’re seeing is a “key retest,” which is a technical way of saying, “Are we there yet?” He explains that every dip into the top of the old pattern counts as more proof that the resistance is getting converted to support—the financial equivalent of painting over your ex’s name on the mailbox. But BTC must close above the diagonal resistance today or risk ending up with a “downside wick,” which sounds slightly unsanitary but apparently is very technical and serious.

Meanwhile, Bitcoin is standing dramatically at the threshold of “the final major Weekly resistance” around $109,000. Should it close above, we might finally see a breakout to a new all-time high—a momentous, history-making event, or, at minimum, a reason for Twitter to have a meltdown. With recent weekend volatility, Rekt Capital concludes that no one will know Bitcoin’s destination “until the very last moment.” If you’re a fan of suspense, now’s the time to make popcorn. If you’re a fan of stability… maybe try bonds? 🍿🤷

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2025-07-05 08:13