📈 Bitcoin Becomes Bullish - But for How Long? (15 Mar 2025)

👀 Will Bitcoin Become the New "Gold Standard"? PLUS: Russia Reportedly Using Bitcoin for Multi-Million Dollar Trading, BlackRock Owns 567,000 Bitcoin & more!

Author

Jonathan Hamblin
March 15, 2025

 

In partnership with

Today’s newsletter is brought to you by SoundSelf! An experience that envelops you in a symphony of light, sound, and vibration - leaving you refreshed and renewed.

Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we cover Bitcoin analytics, news, and have funny memes along the way!

A great way to start your Wednesday and Saturday morning! 😎

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

  • Cryptocurrency Headlines - 🤦‍♂️ Gold Sets Record while Bitcoin Struggles! Russia Reportedly Using Bitcoin for Multi-Million Dollar Trading, BlackRock Owns 567,000 Bitcoin & more!

MARKET OVERVIEW (7-DAY)

BITCOIN TECHNICAL ANALYSIS

I am sure everyone is thinking the same thing - am I going to have to wait another 4-years for the next bull run?

We covered in the last newsletter that people believed the bull run was over. Supposedly, Bitcoin going from $69,000 to $109,000 was all we would see!

It is easy to understand though. Markets are selling off, and Bitcoin is running out of fuel for a move higher . . . or is it?

Believe it or not, Bitcoin is showing signs of bullish activity, and we may need to strap our seatbelts back on for what is soon to come!

The follow-up question now is: how much longer do I have to wait? I have already sold all of my furniture to buy more Bitcoin!

Don’t worry! Furniture can always be replaced but missing out on the next bull run can’t be!

Take me for example: I sleep on cardboard, and I am doing fine - just a little sore.

As you continue reading through this newsletter, keep this in mind . . . there are 92 top companies that own 11.96% of Bitcoin’s total supply.

BlackRock owns 567,000 Bitcoin alone! These companies purchased millions and billions of dollars worth of Bitcoin and they continue to hold.

Hell, they want the price to go lower so they can buy your Bitcoin! Why? Because they know what is coming!

But before we dive in . . . let’s hear from today’s sponsor!

Get venture-funded immersive tech into your portfolio.

SoundSelf blends sound, light, and biofeedback to create immersive wellness experiences like nothing else. Clinical studies show a 52% increase in wellness, a 34% decrease in depression, and a 49% drop in anxiety. Users report feeling instant clarity and emotional breakthroughs, often within minutes. This is clinically-validated technology that’s redefining the future of wellness, and now, you can be part of it. Own a piece of SoundSelf for as little as $100.

Read the Offering information carefully before investing. It contains details of the issuer’s business, risks, charges, expenses, and other information, which should be considered before investing. Obtain a Form C and Offering Memorandum at https://wefunder.com/soundself

Thank you to SoundSelf for sponsoring today’s newsletter!

Let’s check in to see how we are doing in March. With February ending at -17.39%, and March being -2.23% in our previous newsletter on Wednesday . . .

We have increased to -0.22% so far in March, so we are heading in the right direction!

The chart must be showing good news, right?

Let’s check in with Byte to see what he has for us. Byte, take it away!

🤖 Byte the Bot: “Bullish breakout detected. Bitcoin shattered the $84,701.42 resistance—upward continuation probability: 39.85%. Keep up, humans.” 🤖

Thank you, Byte! Still a little bit of sass from you this week, but not as bad as last week.

As Byte said, the previous resistance of $84,701.42 was surpassed, and now we have the upcoming resistance areas of:

  • $86,936.90

  • $91,247.39

  • $92,064.05

Now that we have found price confirmation outside of the descending triangle, we need to hold the support line . . .

📈 This line leads us directly to the resistance areas and quickly!

Believe it or not, even with this major dip in price by Bitcoin . . .

We are still on track to reach the all-time high only a week later than originally shown in Bitcoin’s charting!

🤔 How could this be? The support line we are following demands strong price action!

It is possible to occur but remember . . . the market is still bearish, and it may be a little bit more of a wait for higher price action!

Don’t worry, we will cover more in depth in our “What to Anticipate” section below!

🧠 Trading Fact! When bullish formations and indicators are present, traders and investors are more likely to trade accordingly and push the price higher!

WHAT TO ANTICIPATE

Let’s begin with what has changed since our last newsletter . . . and believe us - there have been some drastic changes!

Last week we covered that we are still in bearish territory — and even though we have broken a bearish formation — we still are!

In our last newsletter, we stated:

We are currently in the “pullback area”, which we projected months ago - but we do believe we are starting to price consolidate.

The inverse cup and handle formation is very likely as it follows exactly when the descending triangle is set to end . . . on the 19th of March!

Even though we have a price confirmation outside of the descending triangle, we have one tiny problem . . .

📊 Bitcoin is setting up a "textbook” bearish inverse cup and handle formation!

If we do not continue strong upward momentum and continue above $85,376.73 . . .

Bitcoin will reverse and plunge down towards $76,000!

🤷‍♂️ What is the likelihood of Bitcoin going lower? If the market continues to be bearish, the probability is very high!

The cup and handle formation is half-way through the “handle” part . . . the next phase would be continued downward movement.

🌍 In a perfect world: Bitcoin’s price continues to follow the bullish line through the resistance set at $91,247.39 and then $92,064.05.

In the world that we live in . . . if Bitcoin doesn’t stay above $83,734.16 in the next 48 hours - we dip back down to the “pullback area!”

 🧠 Keep in mind! The overall market controls the movement of Bitcoin! If the market is bearish, it is very likely Bitcoin’s movement will be too!

🤔 Why do we like Bitcoin’s movement? We are starting to see the market “bottom out” which shows Bitcoin’s price drop starting to slow down.

It doesn’t mean the price won’t continue lower, but we are seeing the market start to switch in a bullish direction!

🧠 Don’t Forget! Don’t always focus on the short intervals of Bitcoin’s movement! Zoom out the chart and look at the big picture!

BULL MARKET BULLETIN 📌

Gold on the Rise - Bitcoin Struggles to Climb. Bitcoin maximalists have one ultimate agenda in mind . . . to replace gold and become the new “gold standard.” As Bitcoin and stocks continue to suffer and sell off, gold breaks through $3,000 for the first time! 😮 On top of that, Gold ETFs are experiencing their largest inflow since 2022 — and in reference to Bitcoin — Bitcoin ETFs have “bled” $5B since February! The reality of Bitcoin replacing gold isn’t at its peak, but time will tell!

Russia Used Bitcoin and Crypto in Oil Trades with China and India! To overcome current world restrictions, Russia oil companies are reportedly increasing cryptocurrency transactions reaching in the tens of millions of dollars! 👀 This act alone shows that countries around the world understand the value that cryptocurrency holds and the “open use” that traders enjoy.

This Company Owns Over 567,000 Bitcoin! BlackRock - a company with over $11.6 trillion in assets under management - owns 567,000 Bitcoin valued at $47.8 billion! 🤯With this massive amount of Bitcoin, it makes them one of the largest holders in Bitcoin in the world! Even though Bitcoin ETFs are experiencing outflows for the past 4 weeks, we have to keep in mind that BlackRock does not lose. I mean . . . they have $11.6 trillion in assets under management!