📈 Bitcoin Holds Strong - For How long? (4 June 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin continues to play with our emotions . . .

Don’t worry, Bitcoin will break the all-time high again - maybe tomorrow or the next day or the next day or maybe even the next day . . . 😂 

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - Bearish Cup and Handle in Effect!

• What to Anticipate Next - 72 Hour Alert!

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Trump Branded Crypto Wallet in Chaos, Cryptocurrency Exchange Confirms $11.5 Million Exploit Weeks After Incident & More!

BITCOIN TECHNICAL ANALYSIS

Welcome to the month of June, where Bitcoin performance is currently in the green . . . but for how long?

We closed out the month of May at +10.99% and for June we are currently at +0.32%.

Funny enough, even though June’s current percentage may seem small it is much higher than the average of -0.30% that June has seen since 2013.

Quarter 2 is sitting at +26.99% which is much higher than quarter 1’s performance at -11.82%.

So how are we feeling going into a month that is notorious for a negative monthly return? About as good as expected . . .

Let’s dive into what we are seeing in Bitcoin’s daily movement and projections that may help us cope with a potentially negative month.

Before we do - a word from today’s sponsor!

Thank you to CBDistillery for sponsoring today’s newsletter!

With Bitcoin recently breaking the all-time high and then stopping dead in its tracks - yet again - we are wanting to see support gained at a higher level.

Of course, support above $100,000 is key as it is a mental support/resistance, but Bitcoin has broken above and below numerous times . . . to say the least.

Let’s go ahead and take a look below and see what in the world is actually going on! Byte, take it away!

🤖 Byte the Bot: “As predicted, Bitcoin bounced off of resistance at ~$104,501.63 in an attempt to convert the area from resistance to support.

Caution: bearish cup and handle formation yields 82.12% success of movement below $103,500. Recovery potential strong after downward movement.”

Byte is right! The cup and handle formation that we were anticipating late last month has taken full effect!

What is the positive? We wanted to see a sideways movement to lessen the blow that a downward movement would cause . . . and this happened!

With Bitcoin’s sideways movement after the dipping candlestick on the 30th of May, we do anticipate a downward movement but not a substantial one.

Similar to turbulence in an airplane. It may feel like the end of the world, but it could always be worse.

Let’s fast forward to our “What to Anticipate” section below to dive more into what we are projecting for Bitcoin’s next move!

WHAT TO ANTICIPATE

We are halfway through 2025 - yet we are yet to see a Bitcoin move like 2017 and 2021 . . .

This brings up the next question.

Will Bitcoin have a strong move as predicted or maybe the multiple all-time high breaks are all that we will see this year?

With the back and forth of Bitcoin breaking the all-time high, going back below $100,000, and then making its way back to the previous level . . .

It is easy to believe that Bitcoin isn’t going to “moon” this year.

Now, for the good news. We believe that the patience with Bitcoin will pay off and we will still see a parabolic move this year!

We have to remember, Bitcoin has not crashed after the recent all-time high break on the 22nd of May.

We are holding above six-figures and continue to consolidate at that level!

📊 What formations are we watching? Currently, we are still holding the bearish cup and handle formation.

It is a very high probability that this formation will drive Bitcoin’s price further down, however there is another outcome.

In the next 72 hours, if Bitcoin continues to hold support ~$104,442.54 we could see a momentum reversal!

🌍 In a perfect world, what do we see? We do not want Bitcoin to break below $100,000 for the 100th time!

It is imperative that we hold that mental support/resistance and continue to consolidate above that level.

If Bitcoin holds $104,442.54 for the next 72 hours, a momentum shift is very possible, and it would bring us back to the all-time high!

If this level is broken, then it is very probable that Bitcoin will test the $100,000 level . . . again, for the 100th time.

🤔 Our overall thoughts? Even though Bitcoin’s movement right now may be “boring” or “uninteresting”, it is actually the most exciting!

Give us a second to explain before bearing your pitchforks! Bitcoin is consolidating above $100,000 before its parabolic move.

In years past where we experienced the parabolic move, we were not holding anywhere close to the previous all-time high.

In 2017, after breaking $20,000 - it immediately returned to $3,200 and had to build momentum from there . . .

To put that in perspective, we broke $110,000 two weeks ago and are looking for another re-test in the upcoming weeks!

Keep an eye out for how Bitcoin moves in the next 72 hours, and we will see you in the next newsletter on the 7th of June!

BULL MARKET BULLETIN 📌

Cryptocurrency Exchange’s Security Breach Involves Millions There has now been confirmation that Taiwan-based crypto exchange BitoPro has encountered a security breach! Even though user funds and withdrawals are reportedly unaffected - there is $11.5 million that has been exploited. Even though this occurred on the 8th of May, it was not disclosed until the 2nd of June - weeks after the exploit occurred. Make sure your crypto stays off of exchanges!

Trump Branded Crypto Wallet is Absolute Chaos The Trump family has been highlighted numerous times regarding their advocation for cryptocurrency. Interestingly enough, the team behind his meme coin announced a “Donald Trump-branded crypto wallet” specifically for his meme coin. Where it all went wrong . . . the Trump family has come back stating that they are zero involvement. They added that the developer needed to “be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.” Your thoughts?