🚀 Bitcoin Enters December! Boom or Doom? |3 Dec 25|

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we have whiplash from the constant jerking motion that is Bitcoin’s price . . .

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin’s Daily Movement 

• What to Anticipate Next 

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

📊 OUR BOLD PREDICTION

Bitcoin wasn’t looking too hot there for a moment, especially when Bitcoin was already down around -4% on the first day of December.

However, we still have faith in Bitcoin and believe that December will not be “Doomcember,” but “Boomcember!”

We also will go as far as believing that Bitcoin will not only be positive, but it will be positive in the double digits this month!

📊 KEY STATISTICS

• Overall Market Capitalization = $3.15T

  • (60B increase since Saturday)

• Bitcoin Market Capitalization = $1.85T

  • (40B increase since Saturday)

• Bitcoin’s Current ROI in December = +2.92%

As mentioned, December is a “toss up” month. 6 out of the last 12 years has been red for Bitcoin in December.

On a positive note, 6 out of the last 12 years have been in green . . . always have to find the positives in life haha.

Let’s take a look at how Bitcoin - the main cause of our high blood pressure - is doing today, but before we do, a word from today’s sponsor!

📊 BITCOIN’S DAILY MOVEMENT

What a massive pullback from Bitcoin over the past 72 hours!

On Friday, Bitcoin was at $93,020.05 and 3 days later it was at $83,788.15!

Even though our portfolio was not prepared for this dip in price . . . we knew exactly what would occur and we are going to show you!

As we take a look at the image above, we see the bullish cup and handle mapped out with a projection of breaking above on the 4th of December.

For this bullish formation to be successful, it was imperative that Bitcoin go lower in price - and it did!

As we take a look at the image below, Bitcoin followed exactly what we needed - the pullback in price to support.

As we predicted on the 29th of November, Bitcoin broke major resistance at $93,123.16 and our prediction was spot on within a 24-hour span!

If that doesn’t deserve putting us in your top 10 on Myspace - probably aging ourselves with that one - we don’t know what does! Haha.

Now, you would think after this major move by Bitcoin the market would become more bullish . . . well, we may not have the best of news . . .

🧠 MARKET PSYCHOLOGY

Even after this massive upward momentum, Bitcoin traders are still slightly bullish for the past 24 hours:

• Short (bearish) traders = 50.61%

• Long (bullish) traders = 49.39%

Even though Bitcoin is up 377.59% from this time 5 years ago, traders are fixated on the “mental resistance” . . . $100,000!

Once this “mental resistance” is surpassed, we will easily see a shift in long traders versus short traders.

So, how much longer until we can quit our job at McDonalds and upgrade from a cardboard box to a suitable nightstand?

Grab your crystal balls (don’t make it weird) and meet us at the “What to Anticipate” section below!

🔮 WHAT TO ANTICIPATE

As stated in Saturday’s newsletter . . .

There you have it, folks - the team was spot on! We will celebrate with a pizza party (far better than a pay raise . . . obviously). Haha!

But we need to keep in mind that $100,000 is the ultimate goal and how can we get there?

Hmm. Let’s see . . .

📈 BULLISH SCENARIO

Bitcoin’s cup and handle formation was successful however the upward explosion in price was short-lived due to resistance at $93,123.16.

There are a couple of ways this could go . . .

• Bitcoin begins a bullish flag formation, which would cause an initial price decrease to ~90,265.01 to ~$92,064.05

• Bitcoin’s next candlestick forms at $93,147.69 and we push higher to $95,052.66 which is the next major resistance.

It’s unfortunate that there is so much sell pressure at $93,123.16 - which leads us to our next scenario . . .

📉 BEARISH SCENARIO

As we saw earlier, the market psychology is still bearish.

With Bitcoin hitting major resistance at $93,123.16, it could only be a matter of time before we push back below $92,064.05 and head towards $88,472.61.

From $88,472.61, the last support line is at $85,938.76 until we reach the “pullback area” at $81,322.51 which we definitely do not want! (we’d rather visit the dentist).

This is Bitcoin’s “do or die” moment. If $88,472.61 breaks, it is highly anticipated that we say “hello” to $85,938.76 . . . once again.

👀 WATCH FOR THIS NEXT

Key an eye on how Bitcoin reacts between $88,472.61 and $93,123.16.

Breaking either area is going to set the tone for December.

With Bitcoin’s volatility, it is highly probable that we receive an answer within the next 72 hours if Bitcoin will break above $93,123.16 or not.

If not, we will anticipate a pullback to support at $88,472.61.

🧠 OUR OVERALL THOUGHTS

We do not believe that this is “Doomcember.”

People love to sell fear - it is an easy attention grabber - but we sell bullish energy which is way more efficient than bearish energy. Haha.

As mentioned in Saturday’s newsletter,” We believe it will be between December - February/March of next year” for the parabolic movement we have been waiting for!

To our fellow bulls, trade smart, stay safe, and may the bull guide your gains!

BULL MARKET BULLETIN 📌

$11 Trillion Giant “Vanguard” Allows Crypto ETFs Yesterday, the world’s second-largest asset manager now allows ETFs and mutual funds that hold cryptocurrency to be offered to its 50 million customers!

Binance Welcomes New Co-CEO! You may have never heard of her, but she co-founded Binance with legend “CZ” and was head of marketing . . . her name is Yi He.

The United Kingdom Now Recognized Crypto as Property! The “Property (Digital Assets etc) Act received Royal Assent on Tuesday!” This was the final step required to be passed as a law by the UK parliament.

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