😨 Bitcoin: Don't Panic Yet! Here's Why! |Released 22 Nov 25|

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we witnessed $1 trillion being wiped from the market in less than 30 days . . .

I think I’m going to be sick! 🤢

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis

  • Now entering the “pullback area.”

• What to Anticipate Next 

  • A repeat of 2017-2018?

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

  • Grayscale’s Crypto ETFs set to launch Monday!

  • MicroStrategy’s Bitcoin position to go under?

BITCOIN TECHNICAL ANALYSIS

“Moonvember” my ass! This month has now become the worst November for Bitcoin’s return on investment since 2018!

On top of that, this month has been the lowest yielding for Bitcoin since June of 2022 which was 37.28%!

Don’t panic . . . nice deep breathes . . .

📊 Bitcoin’s Current Analytics

• November’s ROI = -23.33% (6.75% decrease since Wednesday)

• Market capitalization = $1.68T (140B decrease since Wednesday)

• 24-hour volume =$65.96B (6.82B decrease since Wednesday)

As the overall cryptocurrency market slides from a market capitalization of $3.70T to now $2.88T, the panic continues to build . . . and for good reason!

Is the market now switching to the bear market or is there still hope for a save in the final hour?

Let’s take a look, but before we do, a word from today’s sponsor!

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

In Wednesday’s newsletter, Bitcoin was holding key support at $92,064.05.

Now, Bitcoin has jumped into the deep end with no arm floaties, and it is bouncing at key support at $81,322.51 . . .

Below we take a look at Bitcoin’s daily movement from Wednesday’s newsletter . . .

Below shows that Bitcoin has now returned to levels seen on the 11th of April this year!

If anyone remembers the “pullback area” we covered many moons ago, this is how far down Bitcoin has plunged since then . . . I’m not crying, you’re crying . . .

Let’s put on a strong face . . .

The “pullback area” was designed by our team to show that Bitcoin needed to pullback to create healthy support from its massive rally in November of last year!

Now, Bitcoin has touched the “pullback area” - and on a positive note - has jumped upward ~$3,000 at that level . . .

This now creates hope that the cryptocurrency community desperately needs!

If Bitcoin finds its footing at this level, as it did in April of last year, there is a chance that Bitcoin reaches a new all-time high in the upcoming months!

So, yes, there is hope! But how does the overall market feel and is a reversal possible at this point or do we crash like 2018 and 2022?

🧠 The psychology behind the market

For the past 24 hours, fear continues to grip the market!

• Short (bearish) traders = 51.44%

• Long (bullish) traders = 48.56%

Believe it or not, at some point there will be a switch from bearish to bullish in the market!

With so much uncertainty, it is easy to be bearish as motivation continues to escape traders that are seeking profits.

Where does Bitcoin go from here? Do we give up and go down with the sinking ship or continue to fight to the end?

WHAT TO ANTICIPATE

As stated in Wednesday’s newsletter . . .

Our team was spot on with this! Bitcoin crashed through support at $92,064.05 and guess where it sits now . . . in the low $80,000’s!

Score 1 for our team . . . 0 for our portfolios . . . -1 for our hopes and dreams. Ha-ha.

Let’s a moment from celebrating and consider what happens next.

🌍 In a perfect world, what do we see? In April of this year, Bitcoin pushed through the “pullback area” and hit ~$74,000.

Of course, we do not want Bitcoin to push down another ~$10,000, but if it does it could mimic the movement earlier this year.

If Bitcoin can find support, this is the perfect time!

Once Bitcoin found the support in April this year, it created a new all-time high a month later in May . . .

Could this lead to Bitcoin finding support in December and a new all-time high in January, the same thing that occurred in 2017-2018!?

⚠️ Caution along the way! If Bitcoin continues to drop, the next major support is at $73,619.30 - the bottom of the “pullback area.”

It would be catastrophic to Bitcoin’s price if this occurred, but we are seeing major buying pressure at $81,322.51 which could turn the tide!

🧠 Our overall thoughts? If Bitcoin does not get back on track and pursue $92,064.05 by the end of next week . . . we are in major trouble!

Even though Bitcoin does not control the entire cryptocurrency markets potential, it is the highest market cap and is paired with a great majority of other cryptos.

In short, if Bitcoin goes down the market pairing to another cryptocurrency goes down automatically - dragging that crypto’s price down with it . . . boo!

Even though we say at the end of the week, we must see a positive uptick in the next 72 hours!

We have low hopes for November being “Moonvember,” but are still holding onto hope for December and January!

⏳ In the meantime! Watch to see how Bitcoin reacts at $81,322.51.

If it does break below, it must stay above $73,619.30! If it breaks below that level, the percentage that the bull market is over goes to 99.7%!

It is imperative that Bitcoin recover as this is the last stand!

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

BULL MARKET BULLETIN 📌

Bitwise’s Rival Announces Upcoming Crypto ETF Launch

• Grayscale’s Dogecoin (GDOG) and XRP (GXRP) ETFs are set to launch on the NYSE this upcoming Monday!

MicroStrategy Addresses Potential Delisting

• Known for its massive Bitcoin holding of 649,870 Bitcoins, MSTR is down 40% and is $10,000 away from their Bitcoin holding going in the red!