📉 Bitcoin "Fills the Gap" - What's Next? (9 April 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where the market continues to go down while the panic rate goes up . . .

Isn’t the first time in cryptocurrency and it won’t be the last. 😂

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - The Descending Triangle Prophecy has been Fulfilled!

• What to Anticipate Next - Will the sinking ship that is Bitcoin stay afloat?

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Bitcoin giant expects billions in unrealized gains, White House confirms 100%+ tariff, trader stakes 5 cents for 3,000 years & more!

BITCOIN TECHNICAL ANALYSIS

As we stated in our last newsletter on Saturday, Bitcoin’s movement was as “textbook” as they come.

Before we dive into that, let’s back up for a moment . . .

We have seen a drastic drop in Bitcoin’s performance compared to last Saturday. In April, we were at +.08% and now we are at -6.35%.

In 2024, April’s performance was -14.76% however May was +11.07%. At the rate we are going, April is turning out to be a “wash.”

🤔 Wil Bitcoin recover in April? We believe there will be a positive move, but the better question is— ”how much will Bitcoin recover in April”?

With the bearish descending triangle formation that began in January at the all-time high of $109,114.88, Bitcoin was destined to fall in price.

Don’t worry, we will cover all of this in today’s newsletter. Before we do, let’s have a word from today’s sponsor!

Thank you to 1440 Media for sponsoring today’s newsletter!

So, the bearish descending triangle formation has completed its formation, and the market continues to panic over tariffs . . .

Seems like another day in the world of cryptocurrency! 😅

Being that it is directly affecting people’s money, the markets can easily become emotional.

🧠 We have to remember . . . how many “crashes” and episode panics have we seen in our lifetime? To name a few:

• Global Financial Crisis (2007-2009)

• US - China Trade War Escalation (2018-2019) - sound familiar?

• COVID-19 Pandemic Crash (February - March 2020)

There is a cycle that takes place, and we are just experiencing another. This isn’t the first and it won’t be the last.

Let’s all take a deep breath and direct our attention to the chart below and see what move Bitcoin has made in these past days.

Byte, take it away!

🤖 Byte the Bot: “Descending triangle formation successful. Anticipated move into the “pullback area” completed.

Warning: probability of continued downward movement is high!“ 🤖

Thank you, Byte! Maybe one day we will receive a breakdown that is more optimistic, but today is not that day . . .

As we see above, the inverse cup and handle formation (outlined in the gold) drove down Bitcoin’s price along with the descending triangle formation (outlined in red).

📊 Bitcoin’s movement? the inverse cup and handle formation (outlined in the gold) and descending triangle formation (outlined in red) drove Bitcoin lower in price.

It is rare to see a “textbook” movement, but this descending triangle formation was spot on and was hard to ignore.

🤷‍♂️ Where do we go from here? At some point, Bitcoin will reverse and increase in price - however, this movement had to happen!

Bitcoin was too overextended, which we have been saying since November of last year!

The “pullback area” above was calculated off of this “overextension” and Bitcoin has now filled the gap!

Join me in the “What to Anticipate” section below for our thoughts on Bitcoin’s projected movement!

WHAT TO ANTICIPATE

The question on everyone’s mind is,” how much lower is Bitcoin going to go?”

Being that Bitcoin has moved from around $86,000 on Monday to around $76,000 in two days shows a dramatic shift in price.

With a dramatic shift downward, we will see upward momentum, but it is not certain of how long lived this move will be.

👀 What if Bitcoin continues moving sideways? Bitcoin would then form a bear flag formation which anticipates lower movement.

However, we do not foresee this taking place as it is more reasonable to anticipate that Bitcoin is going to move higher or lower.

📈 What if Bitcoin moves upward? We do believe Bitcoin will move higher to recover from the dramatic downward movement, but it could be short-lived.

If it does have a strong upward movement, then we would anticipate a pattern being formed but chances are slight at the moment . . . never fun to hear.

📉 What if Bitcoin moves downward? Then Bitcoin will break below the “pullback area” and that is where it gets dangerous!

If we fall below $73,619.30 and sustain below, Bitcoin is easily looking to be placed within the mid-$60,000s.

🌍 In a perfect world: Bitcoin will hold the “pullback area” with a gradual increase in collaboration with hopeful positive world news and events.

Everything is negative right now, but it does allow for large corporations to buy cryptocurrency that haven’t already - and at a discount!

🤔 What are our final thoughts? Bitcoin holding the bottom of the “pullback area” seems like a strong possibility but not guaranteed.

As we stated earlier in the newsletter, there is always some type of event that causes panic and then the market recovers even stronger!

Don’t fall into the trap of selling at a discount . . .

BULL MARKET BULLETIN 📌

MicroStrategy Expecting Loss in the Billions! Bitcoin giant, MicroStrategy, is considering selling their Bitcoin after the plunge towards the low $70,000s. MicroStrategy stated that it is expected a record near-$6 billion unrealized loss for the first quarter! They further stated that if they “are unable to secure equity or debt financing in a timely manner, on favorable terms, or at all, we may be required to sell Bitcoin to satisfy our financial obligations.” This act could easily cause more fear in the markets . . .

Trader Stakes 5 Cents for 3,000 Years?! Staking is a way to passive income, somewhat similar to dividends in the stock market. In a possible attempt to secure generational wealth, a trader has staked 5 cents of Solana for 3,115 years which will result in a result of over $486 undecillion (486 followed by 36 zeros)! Nothing like this has ever been seen, hopefully Solana and his staking provider are around in 3,000 years!

White House Confirms 104% China Tariff! The hot topic of the month is the tariffs that are being put in place by the United States. With fear in the market, Bitcoin has dropped below $75,000 for the first time since November 6, 2024. MN Capital founder Michael van de Poppe has stated that Bitcoin needs to retest this area before moving back to the all-time high of $109,000 - but many others are skeptical due to Bitcoin.