📉 Bitcoin Below $100K! Bull Cycle Ending? |Released 15 Nov 25|

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin has broken below $100,000!

Don’t worry . . . there is good news . . . right?! 😬

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis

  • Say hello to another bearish formation

• What to Anticipate Next 

  • Bitcoin is running low on strong support

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

  • Could quantum computers access Satoshi’s holdings?

  • Michael Saylor questioned over unaccounted Bitcoins

BITCOIN TECHNICAL ANALYSIS

It is no secret that Bitcoin has broken below $100,000 and the cryptocurrency community is saying that the worst is yet to come . . .

The 2 questions on everyone’s mind?

• Is it possible for Bitcoin to break above $100,000?

• Is the bull market over until 2028-2029?

Before we get ahead of ourselves, let’s take a look at the current analytics!

📊 Bitcoin’s Current Analytics

• November’s performance = -12.30%

• Market capitalization = $1.91T

• 24-hour volume =$73.09B

Not a fun thing to point out, but this is the lowest return on investment in November since 2022 which was -16.23%.

Before we call it quits and spam send our application to every fast-food chain that is hiring, let’s dive into Bitcoin’s daily movement!

Thank you to Masters in Marketing for sponsoring today’s newsletter!

In Wednesday’s newsletter, we had good news, and we had bad news . . .

• Good news: Bitcoin is one step closer to now completing a bullish cup and handle formation.

• Bad news: Bitcoin is not yet 100% clear of the bear flag formation.

It is now clear that the bad news prevailed!

The image above shows the predicament as Bitcoin was on the border of breaking $100,000 but was also holding a bullish formation.

As we take a look at the image below, we see Bitcoin didn’t only break below $100,000 it jumped headfirst from the high dive!

It is no surprise to us that Bitcoin broke below $100,000 . . .

The amount of “sell pressure” was astronomical from traders selling for profit and short sellers opening their positions to profit from the dip lower!

It proves what we said on Wednesday . . .

“If Bitcoin proves unsuccessful with breaking above $107,493.48 in the next 72 hours, we foresee continued dark days . . .”

🧠 The psychology behind the market

For the past 24 hours, fear still controls the market . . . surprise! haha.

• Short (bearish) traders = 52.35%

• Long (bullish) traders = 47.65%

It is no secret that the hope for Bitcoin breaking a new all-time high this calendar year - or even this cycle - continues to diminish.

Let’s see what the magic 8 ball has for us as we redirect our attention to the “What to Anticipate” section below!

WHAT TO ANTICIPATE

As stated in Wednesday’s newsletter . . .

Seems that the magic 8 ball served us well . . .

Hopefully, everyone strapped on their seatbelt and double checked their air bags! Bitcoin didn’t only pullback to $100,000, it decimated it!

🌍 In a perfect world, what do we see? What a massive pullback Bitcoin has experiences over the past 45 days - from $126,198.07 to $96,234.61.

In this perfect world scenario that may never exist . . . (we are being dramatic) . . . Bitcoin must reclaim $100,000!

At this point, it is easier said than done as Bitcoin needs to break back above $97,995.63 first and then reattack $100,000.

A bullish cup and handle formation could do the job, but that didn’t seem to work for Bitcoin last time . . .

However, now that Bitcoin has broken $100,000, it may cause a flip in pressure as it demonstrates a “buying opportunity” at a lower price.

⚠️ Caution along the way! We could write a college paper on the “caution along the way” at this point haha.

As Bitcoin plummeted by way of a “three black crows” candlestick formation (3 full bearish candlesticks), that shows the strength of the bears in the market.

Bitcoin has now initiated another bear flag formation which is targeting 2 key support areas at:

• $95,052.66

• $92,064.05

🧠 Our overall thoughts? Back to the main question . . .

Is the bull market over and will Bitcoin reach above $100,000 again?

We do not believe that this bull cycle is completed, but keep in mind, that doesn’t mean that Bitcoin is going to rocket past $100,000 tomorrow.

We admit, this bull cycle is somewhat similar to past set-ups, but it is very unique in its own way.

Many analysts easily question the market as it is less and less relatable to the cycles in 2013, 2017, and 2021 . . .

December to January of next year may hold more of a rush compared to this month, but in this market, we must take it day by day.

⏳ In the meantime! Watch how Bitcoin reacts to this downward momentum.

Bitcoin is now becoming overextended on the downside, which gives confidence that some type of pullback will occur.

If Bitcoin does not break above $97,995.63 in the next 72 hours, it is highly probable that support at $95,052.66 will break.

If support at $92,064.05 breaks, we may need to look at other cryptocurrencies to lead the bull charge until Bitcoin regains its composure.

As stated on Wednesday, “November could make or break Bitcoin . . .” We can all agree, this is clearer every day.

Be safe out there and may the bull be with you!

BULL MARKET BULLETIN 📌

Rumors of Michael Saylor Dumping Bitcoin

• An unaccounted for 47,000 Bitcoins are now in question as Strategy stock ($MSTR) dumps. That is $4.5 billion that could have been sold!

Satoshi’s 1 Million Bitcoins in Danger of Quantum Computing?

• Could quantum computers access Satoshi’s untouched 1.1 million Bitcoins? This fear continues to spread like wildfire!