Bitcoin’s Altcoin Revolt: Chaos Ensues! 😱

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Oh, what a spectacle! Bitcoin, that pompous emperor of digital gold, slumbers through the final week of July in a haze of indecision, while the motley crew of altcoins pirouette into the spotlight like overzealous clowns at a carnival. 😂 As if the crypto world needed more drama!

  • BTC‘s price wobbles like a drunk on a tightrope after hitting $123,000, leaving traders twitching nervously over liquidation woes. Who knew holding digital treasure could be so nail-biting? 😅

  • Everyone’s crystal balls point to $150,000 as the grand finale, a target nursed longer than a bad hangover. But in this madhouse, who’s to say it won’t evaporate like morning mist? 💨

  • Fed Chair Powell struts onto the stage again, dodging resignation rumors like a bull in a china shop. With Trump breathing down his neck, it’s a comedy of errors waiting to unfold. 🤦‍♂️

  • Bitcoin’s dominance crumbles faster than a house of cards, igniting cries that altseason has arrived—because nothing says “party” like a market shift gone haywire. 🎉

  • Exchanges hoard more BTC as investors ponder if “hodling” is just a fancy word for denial. Ah, the eternal dance of greed and fear! 😏

BTC correction bets include $114,000 CME gap

Bitcoin unleashed its usual theatrics into the week’s end, dipping towards $116,000 before bouncing back with the resilience of a rubber ball. Data from CryptoMoon Markets Pro and TradingView reveals candles wicking downwards, yet sellers couldn’t dampen the festive mood for long. Currently hovering around $119,000, Bitcoin clings to its throne, even as altseason whispers sweet nothings. “$BTC zipped up that CME gap like it had somewhere better to be,” quipped trader Daan Crypto Trades, noting it’s done this trick six weeks running. How predictable, yet endlessly amusing! 😜

“That’s now it’s 6th week in a row where any gap that was created was closed on Monday or really close to it.”

As CryptoMoon chattered on, price targets hinge on a resistance line that’s as stubborn as a mule. But trader CrypNuevo, ever the doomsayer, warns of hurdles ahead in this so-called quiet week. “Wicks shooting up, but price stuck in mud: classic sign market makers are sharpening their short knives,” he sneered on X.

“Wicks to the upside but price not progressing any further: a sign that MM builds shorts.”

With delta playing neutral—no squeezes in sight—the biggest liquidation lure sits at $115.3k, beckoning a pullback like a siren’s call. And don’t forget that pesky CME gap near $114,000, just waiting to be filled in this game of financial roulette. 💸

Bitcoin price targets cool on consolidation

Ah, the grand expectations! Traders’ dreams for BTC’s next move are as modest as a miser’s purse in this consolidation snooze-fest. BitBull prognosticates $130,000 as the next pit stop, with a long-term peak not far off—perhaps in Q4, when BTC might finally exhaust itself. “$BTC’s just catching its breath post-ATH, letting alts hog the glory, but watch out—another surge is brewing in 2-3 weeks,” he boasted on X.

“This will pump BTC above $130K and will also mark the local top. After that, there’ll be a final leg up in Q4 and BTC will peak above $160,000.”

Meanwhile, other seers like Aksel Kibar and BitQuant eye $137,000 and $145,000, respectively, as if these figures were old friends. Rekt Capital hints the top might crash in just months, while the Kalshi crowd sheepishly bets on $124,000. How quaint, betting on digital dice rolls! 🎲

Fed’s Powell to speak amid rate-cut gloom

The macro stage is set for a dull week, with all eyes on Federal Reserve’s Jerome Powell, that unflappable figure under siege. He’ll pontificate at some conference in D.C. on Tuesday, fending off Trump’s barbs like a matador with a bad cape. Markets jittered last week over firing rumors—denied, of course, but oh, the drama! 😱 With the FOMC looming on July 30, don’t hold your breath for a rate cut; FedWatch odds are slimmer than a pickpocket’s excuse. Mosaic Asset laments rising inflation muddying the waters, with September’s cut a coin toss. Last week’s inflation data was a mixed bag, and now earnings season adds more fuel to the fire—trade tariffs, anyone? What a circus! 🤡

“Market odds are about evenly split on a quarter-point rate cut in September or no cut at all.”

Altseason frenzy takes over

While Bitcoin nurses its gains like a sore loser, the altcoin rabble is throwing a rager. Ether and XRP kicked off the party last week, and now the whole alt market is primed for an “altseason” explosion. Gert van Lagen crows about a 4-year Cup & Handle pattern ready to blow—tension thicker than a badly written novel! 🧨 Rekt Capital dryly notes Bitcoin’s range-bound antics are just funneling cash to these upstarts. ETH‘s surge has gutted Bitcoin’s dominance, dropping from 66% to eyeing 60% support, the steepest fall in years. Pentoshi chuckles that “altseason is here,” and Henrik Zeberg declares it with the certainty of a weather vane in a storm. Michaël van de Poppe predicts a short, violent correction before the bull run resumes—because what’s crypto without a little whiplash? 😩

Altcap (TOTAL2) [2W] ready to explode into price discovery.

Massive tension built up within a 4-year Cup & Handle pattern 🧨

— Gert van Lagen (@GertvanLagen) July 21, 2025

“Bitcoin remains in the Range and the consolidation continues, facilitating further money flow into Altcoins,” summarized Rekt Capital with a hint of sarcasm.

BTC dominance largest drop in a week in 4 years.

Enjoy the next few weeks

So far so good! We are up a lot this month

— 🐧 Pentoshi (@Pentosh1) July 20, 2025

“Very interested to see how the next week is going to be for Altcoins,” crypto trader, analyst and entrepreneur Michaël van de Poppe continued. 

“Given that we’re slightly extended to the upside (short term) in terms of volatility, I would guess we’re getting a significant short and violent correction and continue the uptrend. These six months are massively bullish for Altcoins overall.”

BTC returns to exchanges

As BTC dawdles in consolidation, analysts sniff out trouble like hounds on a scent. CryptoQuant highlights exchange reserves ballooning to June levels, signaling profit-taking and a possible downturn. ShayanMarkets smirks that this often means buyers are losing steam—how original! 😒 Darkfost watches whale inflows, noting they’re not yet at past peak madness but climbing fast. “Inflows jumped nearly $17B recently,” he adds, hinting at corrections ahead. With liquidations lurking, it’s all a grand farce of market manipulation and human folly. What a show! 🎭

“Currently, the monthly average has just jumped by nearly $17B, rising from $28B to $45B between July 14 and 18.”

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2025-07-21 12:07