📉 Bitcoin Bottoms Out – Time to Buy the Dip? (12 Mar 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we have replaced our coffee with watching the market free fall every morning.

Maybe not a healthier substitute but it saves money for us to buy the dip . . . for the 5th time. 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Market Overview (7-Day) - Top Gainers & Losers!

• Bitcoin Technical Analysis - Moving Past the Descending Triangle

• What to Anticipate Next - Green Days on the Horizon!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Recession Odds Increase from 20% to 35%, Mt. Gox Transfers $930M in Bitcoin, Canada Suspends US Electricity Surcharge & more!

MARKET OVERVIEW (7-DAY)

BITCOIN TECHNICAL ANALYSIS

With the recent world events, cryptocurrency markets are pulling back, and panic is starting to set in . . .

But take this from someone that has been in the markets for quite some time . . . there is always some excuse to panic in the markets.

Isn’t it odd that the strategic Bitcoin reserve was announced by the United States and then the markets tanked right afterwards?

If I missed out on buying the “next big thing”, I would love for prices to drop dramatically so I could buy “at a discount” and not miss out on massive gains.

And that is where we believe we are at . . . a buying opportunity for those that have not yet bought.

Many traders and investors are saying “the bull run is over”. On the contrary, my friend . . . the bull run is yet to begin!

As we covered in our last newsletter, we are currently in a bearish descending triangle formation.

🧠 But keep in mind! Bitcoin’s downward price trends do not last forever, and the pendulum must swing in the other direction.

Even though Bitcoin has dropped from $109,000 to $76,000 in 2 months . . .

Bitcoin rocketed from $67,000 to $108,000 in 2 months last year - November to January!

Before we dive more into “why the market’s momentum is changing”, here is a word from today’s sponsor!

Thank you to Masterworks for sponsoring today’s newsletter!

So, how is March going so far? February ended at -17.39% - is March another negative double-digit month?

March is currently at -2.23%, but there is no need to fear . . . we are projecting a “turn in the tide”.

As the descending triangle formation is coming to an end, we are seeing the light at the end of the tunnel!

Byte, what are your thoughts on Bitcoin’s movement?

🤖 Byte the Bot: "Monthly upward movement probability: 88.14%. Resistance at $85,000 due to descending triangle formation." 🤖

Thank you, Byte! Don’t worry, everyone. He has refused to move due to his “paycheck pending” comment last newsletter.

Bitcoin has been bouncing in and out, but the descending triangle formation will come to an end on the 19th of March!

Last newsletter, we covered the resistance areas of:

• $92,064.05

• $91,247.39

• $86,936.90

However, as we have moved lower in the descending triangle formation - we have established a new resistance at $84,701.42.

As much as everyone wants to follow the news, we need to take a look at the variable that directly effects Bitcoin’s price . . . the long-short ratio!

As a refresher:

1. Long - Traders Projecting Upward Movement

2. Short - Traders Projecting Downward Movement

Byte, can you please showcase Bitcoin’s long-short ratio?

🤖 Byte the Bot: 24-hour long percentage at 51.14%, signaling potential price momentum shift. Submitting 2 weeks’ notice . . 🤖

What a funny robot . . . don’t mind him. Thank you, Byte, for your insight!

We cannot assume that how we view “bad news” is how traders in the market are going to react and trade accordingly.

As the descending triangle comes to an end, we see that more bullish formations and opportunities begin to form.

Because of this, we see that the long percentage continues to increase and moves the market in an upward momentum.

Want to see our Bitcoin movement predictions? Check out the “What to Anticipate” section below!

🧠 Trading Fact! “Bad news” does not necessarily mean that the market is going to dive in price. Don’t assume asset movement based on human emotion!

WHAT TO ANTICIPATE

What will Bitcoin do next?

The “million-dollar question” that everyone is wanting the answer to!

When it comes to trading formations, in our last newsletter we covered:

🤔 Do we still project these formations? Yes! We do believe the market is “bottoming out”, but we are still in bearish territory!

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!

Now, a great follow-up question that we have. At what point do we panic regarding Bitcoin’s downward movement?

We want Bitcoin to hold above $73,619.30! Below this price, we dip below he anticipated “pullback area” and $65,500 is out next strong support.

🌍 In a perfect world: We follow the downward trend in the market and the bullish push begins after the 19th of March.

This is when the descending triangle completes — and for anyone that has traded in the market — you DO NOT trade against the market’s momentum!

 🧠 Keep in mind! The market will move in the direction of how the masses are trading!

Just because we want the market to go in a specific direction does not mean the markets will bend to your will.

This is why . . . patience is key in trading!

🤔 Why do we like Bitcoin’s movement? Even though the market continues to dip, we know a pullback was bound to occur . . . and here we are.

We must keep this in mind . . . Bitcoin is still around the all-time high of $109,114.88!

In the past, Bitcoin has plummeted after reaching the all-time high. This time is different.

We tie up this newsletter with what we started with . . .

Many traders and investors are saying “the bull run is over”. On the contrary, my friend . . . the bull run is yet to begin!

🧠 Don’t Forget! Being emotional when trading in the market can be very easy to do. The hard part is the discipline to set it aside and trade rationally.

BULL MARKET BULLETIN 📌

Mt. Gox Moves $930M in Bitcoin, Reignites Market’s Selling Fear! For those that don’t remember, Mt. Gox is the crypto exchange that “imploded” back in 2014. They were provided a deadline of 31 October to reimbursed affected traders and another $930M in Bitcoin has been transferred following the $1B that was transferred previously! With all of this Bitcoin moving around, traders’ fear grows that all of it will be immediately sold once returned to the rightful owners . . . what do you think?

Recession Fears Negatively Impact Crypto Prices! It should come to no one’s surprise that there are a lot of changes happening in the world right now. The Trump Administration’s tariffs haven’t made anyone feel better about their investments - and the numbers show it! Goldman Sachs’ economists have “upped their odds of a recession in the next 12 months from 15% to 20%. On top of that, Yardeni Research economists have upped it from 20% to 35%! Should everyone panic sell or is this exactly what they want . . . to buy more at a cheaper price? 🤷‍♂️

Ukraine Agrees to 30-Day Ceasefire - Canada Suspends Electricity Surcharge! Aside from all of the negative in the news, we do have positives! The Ukrainian government has agreed to a 30-day ceasefire in its war with Russia! On top of that, the Ontario Premier Doug Ford has agreed to suspend the 25% electricity export surcharge that was set to be against multiple US states. Now, we need news that Bitcoin is now replacing gold as the “gold standard” . . . all in good time. 😎