🚀 Bitcoin is Ready for Liftoff! Which Cryptos Will Join? (25 Jan 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where all we see is Litecoin ETFs being filed and Elon Musk being “too excited” during his speech the other day.

What a wild time to be alive . . . 😂

Here is what we have for you today!

📊 CRYPTOCURRENCY ANALYSIS

• Market Overview (7-Day) - Top Crypto Gains & Losses (Weekly)

• Bitcoin Technical Analysis - Bitcoin Preps Rocket - Litecoin Could Explode!
  

• What to Anticipate Next - Insight to Keep you One Step Ahead

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Grayscale & Coinshares Join Canary Capital in Litecoin ETF Submissions, Trump Signs a Digital Asset Order, and more!

MARKET OVERVIEW (7-DAY)

BITCOIN TECHNICAL ANALYSIS

The US presidential inauguration took place less than a week ago . . . how is everyone feeling?

Bitcoin did break above the previous all-time high by around $867 - so that was cool, right? 😂

It is hard to tell what will happen next and which orders may be signed, but we do know one thing . . .

We are still waiting for Bitcoin to launch into the stratosphere!

In the meantime, we have some Bitcoin analytics that will “knock your socks off” - maybe.

But before this knocking off of socks takes place - let’s direct our attention to the screen for a word from today’s sponsor!

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

So why isn’t Bitcoin $150,000 yet? We have numerous variables on our side:

1. Pro-Cryptocurrency US President

2. Integration with spot Bitcoin ETF

3. Speaks of Strategic Bitcoin Reserve

Even though we all want Bitcoin to moon, we have to keep this in mind . . .

Bitcoin’s market cap is currently over $2 trillion! Let’s compare that to silver that sits at $1.74 trillion . . .

Also, Bitcoin has only been around for 15 years - silver has been around since people were riding brontosauruses.

Maybe not historically accurate, but we will roll with it . . . 🤣

With present-time Bitcoin, we are still holding a primary bullish formation and indicator:

1. Cup and Handle Formation

2. Holding the Support Line

Let’s take a look below at what Byte is cookin’ up for us.

We are holding a “textbook” cup and handle formation, and it is beautiful to see!

🧠 We must remember with this formation, it is designed to be a marathon and not a sprint. Why is this important?

1. Allows Upward Consolidation

2. Builds a Solid Support to Avoid a “Flash Crash”

With this strong support, holding above $100,000 is key!

Check out our “What to Anticipate” section for Bitcoin’s projections!

Let’s now shift gears and direct our attention to our next topic . . .

Litecoin: the next possible spot ETF!

Canary Capital, Grayscale, and Coinshares have now all filed for spot Litecoin ETFs!

How exactly has this affected Litecoin’s price? Byte, take it away!

Since the 13th of January, Litecoin has increased from $93 to the current price of $128.

Were we expecting more? Absolutely! But this is why we aren’t concerned:

1. We Hold a Bullish Cup and Handle Formation

2. Steady Movement Avoids Massive Selloffs

3. Litecoin Has Always Been the Underdog

Being that Litecoin is somewhat of a clone to Bitcoin - it upsets Bitcoin maximalists . . . however we have a saving grace.

Large companies are warming up to Litecoin, along with Michael Saylor who is a massive holder of 423,650 Bitcoin (~$44 billion in value)

Litecoin’s support and resistance merge on the 14th of April - which could be around the time of the spot Litecoin ETF being fully approved!

Check out our “What to Anticipate” section for Litecoin’s projections!

🧠 Bullish Fact! Cryptocurrency is consolidating at higher values compared to 2017 and 2021 before the massive gains took place!

WHAT TO ANTICIPATE

Bitcoin could “pop off” at any time!

If Bitcoin decides to hold the cup and handle formation, the price will be between $102,969 and $105,371 on the 27th of January.

Not financial advice, can’t stress that enough . . . 😂

What if Bitcoin’s cup and handle doesn’t hold? We believe Bitcoin will challenge the previous all-time high price or make a new all-time high!

Now to Litecoin! I love rooting for the underdog . . . speaking of, who is rooting for the Buffalo Bills? 👀

We previously stated in a CoinMarketCap forum that Litecoin must hold $100 - but we need it to hold above $112.

Full spot ETF approval is not anticipated for months to come so a sideways consolidation around $120 to $140 would be favored.

If Litecoin breaks through the resistance at $147, it is hard to see that area being turned immediately into support.

🧠 Don’t Forget! Cryptocurrency is a marathon, not a sprint. We are now beginning to enter the “bull season” - there is more to come!

BULL MARKET BULLETIN 📌

Grayscale Files for Spot Litecoin ETF Litecoin continues to grab attention as the next spot ETF to be released. Why exactly do they like Litecoin? Because it is essentially Bitcoin’s protocol, but with a faster blockchain and cheaper transaction fees. 😅 Just this week alone, Grayscale and Coinshares both filed S-1 registration forms to join Canary Capital’s pursuit of a spot Litecoin ETF! Is Litecoin the best kept secret?

President Trump Signs Digital Asset Executive Order No matter your political stance, we all want to be able to put down payments on Lamborghinis. 😂 President Trump signed an executive order on the 23rd of January for a working group to find ways that the US leadership can take positive advantage of cryptocurrency. Exciting right? Unfortunately, investors are disappointed as this falls short of the national strategic Bitcoin reserve that we have all been HIGHLY anticipating.

Thousands of Tron Addresses Risk Hijacking Exploits and scams are abundant in cryptocurrency . . . it is the Wild West! In the fourth quarter of 2024 alone, 2,130 wallets were compromised which held a value of $31.5 million! There is now an additional threat to 14,545 Tron crypto wallets exposing an additional millions of dollars. How exactly is this occurring - click to find out more!

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