No change so far from Bitcoin following yesterday's update, and we have seen a standard low volume weekend so far. BTC has struggled to gain any real momentum above $96k. As we head towards the weekly close we can expect to see some more volatility, and we do have a CME gap just below at $95k.
I will be watching for any increased volatility today to plan my next moves.
Unless Bitcoin has a very strong end to the week, and reclaims $100.6k, then this would be a break of the Weekly EMA50 which has been weekly support since 2023. Many consider this the bull market support.
Yesterday I mentioned that BTC was looking increasingly likely to retest the 93.4k Yearly Open. This continues to play out with a retest of $94k.
I do not rule out a move just below $93k to test the $92k CME Gap, but any acceptance under this and I think we could see $88k very quickly. I will continue to look for strong opportunities.
😅 CZ accidentally became crypto’s oracle — and X is spiraling
🕵️♂️ Users on X are convinced Changpeng Zhao is secretly signaling Bitcoin’s moves through his book updates.
In March, at $84K, he wrote: “114,000 words,” and weeks later BTC ripped past $114K to new highs.
📘 On Nov 8, with BTC at $103K, CZ posted: “97,000 words, 300 pages.” Days later Bitcoin dropped to $96K, bounced to $97K, and CZ added: “Every bottom feels like the end of the world. But time goes on.”
🔍 Crypto Twitter is now obsessed with one question: What does “300” mean?
The chart shows the leading real-world asset (RWA) cryptocurrencies by growth rate. The direction indicators show whether each project’s ranking has risen or fallen compared to last month.
Yesterday saw Bitcoin close the daily candle below $100k for the first time since May. Currently there are no signs of any reversal and BTC continues to slowly bleed out. From here it looks like we are heading towards a test of $93.5k (yearly open,) and if that does not happen today, then a daily close below $98 today makes this retest even more likely in the coming days IMO.