CNYEUR

Key Cabals to Ponder

With 728,400 followers on X (formerly Twitter, now a digital cryptid), Kaleo claims the autumn of 2020 and today are two peas in the same pod of chaos. Both saw Bitcoin shatter a key support line-a red thread of fate-before retreating into a “mini-bart” (a term we assume is technical jargon for a bear trap or a very expensive coffee). Then, as now, stocks outperformed crypto, alts slumbered, and the eternal refrain of “Bitcoin is dead” echoed like a bad 2000s pop song. How quaint. How human.

Meanwhile, whispers echo that the U.S. has taken a keen interest in using electricity from Europe’s largest nuclear power plant for Bitcoin mining-a venture that would make a goldfish blush with envy. 🪙🔥

On Christmas Day, Bitcoin decided to give traders the gift of panic by plummeting faster than Santa’s sleigh after too many mince pies. The cryptocurrency briefly nosedived to $24,111 before bouncing back up, leaving everyone wondering if this was an early New Year’s prank or just Binance being Binance.

“Routine,” they whispered, as if the word itself were a holy incantation.

The chart today looks like a game of “How tight can we squeeze?” as BTC bounces repeatedly between two very polite numbers-$85,000 and $90,000. It’s like a financial game of “mother may I,” with the buyers constantly stepping in to keep prices above the $85K mark, preventing a market-wide tantrum. The small, steady market cap suggests everyone is playing nice, even as broader trading activities take a long winter’s nap. 💤

Market wizards (or should I say, wizards of odds?) are insisting this isn’t a collapse-just a “controlled retracement.” Sure, Jan. Michaël van de Poppe, the crypto oracle, says Bitcoin needed to dip back to $86,500 to drum up some buying enthusiasm after the $90K party ran out of punch. 🥳🚫 Here’s what he had to say, in all its chart-loving glory:

VeChain has, with all the pomp of a grand ball, launched VeChain Kit v2, a software development kit for frontend dApps. This event marks a significant milestone in their ecosystem, akin to a debutante’s first dance. The update aims to reduce friction across decentralized applications, much like a well-tied cravat smooths one’s social graces.

One might have thought the market was donning a festive hat, rallying merrily alongside its crypto kin earlier today. But no! Just as the bulls began to hum carols of profit, the price dropped faster than a child’s cookie jar in a snowdrift. Christmas cheer? More like Christmas carnage. ❄️📉

In the annals of the past five years, where Bitcoin’s CME futures have weaved their tangled web, one observes a curious pattern. Like a novelist crafting a plot, the crypto has lingered in certain price ranges, fortifying its support like a castle’s walls. Yet, the $70,000 to $80,000 zone remains a neglected stepchild, barely acknowledged in this grand saga. 📈📉