BTC is Plummeting 📉 Send Help (and Maybe $)

Right. So, Bitcoin‘s done a thing. A downward thing. Below $112K, apparently. Liquidations everywhere. Everyone’s basically whispering, “How much further can it possibly fall?” Honestly, I’m just asking myself where my therapist’s office is.

It’s fallen, hasn’t it? Like a very expensive, digital stone. Investors are…concerned. Which is putting it mildly. It’s all very dramatic. A string of support levels waving a little white flag, and liquidations piling up like…well, like bad decisions.

Everyone’s frantically googling “how low can it *go*?” as if Google has the answer. As if anyone does. It’s all a bit chaotic, isn’t it? 🙄

The Technical Bit (Yes, There’s Always a Technical Bit)

Apparently, it breezed through a bunch of ‘major levels’. The 7-day simple moving average? Failed. The pivot point? Gone. Even the Fibonacci 38.2% retracement is waving goodbye. Honestly, it sounds exhausting just *hearing* about it. 😴

Below $113,000 and suddenly everyone’s got itchy trigger fingers, and down it went. Because, of course. Algorithms. They’re always the culprits.

Next up: $111,000. Then, a cosy little zone between $107,000 and $108,000. And, if things get *really* ugly, the 200-day exponential moving average at $103,868. Apparently, that’s the last line of defence before it all gets…interesting. Resistance is currently camping around $113,000 to $114,000, which is just rude.

**So, What Actually Happened?**

A colossal $1.7 billion in long liquidations to start. Naturally. Because nothing says “good times” like a lot of money disappearing. Cue a cascade of selling. It’s like… a digital domino effect, but with more anxiety.

Stop-loss orders, adding to the party. Because why not? Let’s amplify the downward spiral. Always a good idea. 🙃

Then there’s Jerome Powell, bless his heart, deciding monetary policy needs to be “restrictive.” Apparently, quick rate cuts aren’t on the menu. This sent everyone scurrying for the exits, risk assets included.

And, because the world loves a good dose of chaos, there were also tariff threats from a former president. Because geopolitics. It’s always geopolitics. Bitcoin being inconveniently correlated with the stock market didn’t help either.

Bear Market Alert? (Oh Joy)

Some guy, EXCAVO, is saying the bull market is *over*. Over! He’s pointing to three warning signs. Honestly, I’m not surprised.

Apparently, everyone’s suddenly really into crypto, governments are embracing it… that’s a clue. EXCAVO thinks enthusiasm is a red flag – who knew? 🚩

Companies hoarding Bitcoin and Ethereum? Also a clue. Indicates all the big players are already in. Leaving none for us simple mortals. Fantastic.

And, naturally, all the crypto coverage is relentlessly optimistic, predicting $200,000. Seriously? Isn’t that just tempting fate? 🤔

The Bottom Line (If There Is One)

Right now, Bitcoin’s stuck between a rock and a hard place. If the selling continues, we’re looking at $107,000, then maybe the 200-day EMA around $103,868.

Some guy called Ted Pillows mentioned a 12% drop last year after rate cuts. He reckons a similar drop could send us tumbling to $104,000. Ted knows his pillows *and* his Bitcoin. Who knew?

dumped nearly 12% after the Fed cut rates in 2024.

A similar dump will put BTC around the $104,000 level, which I think could happen.

The reason is Gold is still running, and institutional flow for Bitcoin has gone down a lot.

Big players usually like to buy fear, and…

– Ted (@TedPillows)

He’s right about the buying fear bit, though. It’s always worthwhile.

Panic selling could drive it even lower, closer to $90,000. A rebound above $113,500… maybe? Maybe. Don’t hold your breath. Just brace yourself. 🤷‍♀️

2025-09-26 08:10

The Technical Bit (Yes, There’s Always a Technical Bit)

So, What Actually *Happened*?

Bear Market Alert? (Oh Joy)

The Bottom Line (If There Is One)

Read More

**So, What Actually Happened?**