MGLG
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Bullish
Ladies and gentlemen, we’re witnessing a Bitcoin climb that feels like a dramatic reality TV show. The price is at $98,348 , just shy of the big, shiny $100K milestone—a number that is as symbolic to traders as a donut shop to cops😂.
Why it 'might' hit the so waited $100K:
1. The RSI is sitting at 67.36, strutting around confidently towards overbought territory. But hey, Bitcoin doesn’t care—it’s like the party animal who keeps dancing even after the lights are turned on.
2. The MACD is giving us mixed signals, with a little bearish divergence trying to throw shade on the rally. But Bitcoin is like, “MACD, who? I’m running on pure adrenaline and FOMO.”
3. The Candlesticks are climbing faster than a squirrel chasing an acorn, with higher highs and higher lows showing Bitcoin is clearly hitting the gym.
Why it 'might' not hit 100k:
Let’s not forget that $100K is like the mythical land of Narnia for Bitcoin. Everyone wants to get there, but it’s guarded by profit-takers (and maybe a sarcastic talking lion). Every time Bitcoin gets close, traders might cash out, yelling, “Thanks for the gains, see you at $95K!”
Wild Card Factor:
This rally could be fueled by the classic duo: retail investors who 'just heard about Bitcoin last week' and whales who are busy flipping coins in their luxury yachts, deciding to dump or pump.
Prediction: Bitcoin touching $100K is like your friend saying "we are just having one drink” at a party—we probably do it, but the aftermath could be wild. If it smashes through $100K, expect X to explode with laser-eyed memes and “Bitcoin to $200K” predictions.
The $100K level is achievable if the current momentum and buying pressure persist. However, it may face resistance around that point, and short-term pullbacks could occur. Keep an eye on volume and breaking key resistance levels will be critical to confirm a sustained move above $100K.
Stay buckled up, it’s going to be a wild ride! #ThanksgivingBTCMoves
Why it 'might' hit the so waited $100K:
1. The RSI is sitting at 67.36, strutting around confidently towards overbought territory. But hey, Bitcoin doesn’t care—it’s like the party animal who keeps dancing even after the lights are turned on.
2. The MACD is giving us mixed signals, with a little bearish divergence trying to throw shade on the rally. But Bitcoin is like, “MACD, who? I’m running on pure adrenaline and FOMO.”
3. The Candlesticks are climbing faster than a squirrel chasing an acorn, with higher highs and higher lows showing Bitcoin is clearly hitting the gym.
Why it 'might' not hit 100k:
Let’s not forget that $100K is like the mythical land of Narnia for Bitcoin. Everyone wants to get there, but it’s guarded by profit-takers (and maybe a sarcastic talking lion). Every time Bitcoin gets close, traders might cash out, yelling, “Thanks for the gains, see you at $95K!”
Wild Card Factor:
This rally could be fueled by the classic duo: retail investors who 'just heard about Bitcoin last week' and whales who are busy flipping coins in their luxury yachts, deciding to dump or pump.
Prediction: Bitcoin touching $100K is like your friend saying "we are just having one drink” at a party—we probably do it, but the aftermath could be wild. If it smashes through $100K, expect X to explode with laser-eyed memes and “Bitcoin to $200K” predictions.
The $100K level is achievable if the current momentum and buying pressure persist. However, it may face resistance around that point, and short-term pullbacks could occur. Keep an eye on volume and breaking key resistance levels will be critical to confirm a sustained move above $100K.
Stay buckled up, it’s going to be a wild ride! #ThanksgivingBTCMoves
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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