📈 Bitcoin Moves According to Plan! (7 June 2025)

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin has not made up its mind of which direction it will go in.

We have concluded from this that we are not in a bull or a bear market . . . but in a kangaroo market. 😂

Enough with the dad jokes! Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin Technical Analysis - The Bearish Formation has Broken!

• What to Anticipate Next - Only the Beginning of Bitcoin’s Moonshot

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines - Reality Show Offers the Ultimate Prize - 1 Bitcoin, Winklevoss Twins Make a Move Towards the Stock Market & More!

BITCOIN TECHNICAL ANALYSIS

What an absolutely beautiful move that Bitcoin has recently blessed us with!

But before we get there, let’s cover where we are in the month of June . . . the month that could either make or break this bull run!

As we closed out May at +10.99%, June is currently at +0.61% - a whopping +0.29% higher than our newsletter on Wednesday lol.

Even so, Bitcoin has made a move that has broken the bearish movement, and it is very likely that we will see bullish movement soon!

Quarter 2 has climbed to +27.35% which is also a beautiful sight to see!

So, is quarter 2 going to be the month that we all have been looking forward to or do we have to wait until quarter 3?

This question along with many others will be answered in this newsletter, but before we dive in, a word from today’s sponsor!

Thank you to Money.com for sponsoring today’s newsletter!

In our last newsletter, we were anticipating that Bitcoin would follow through with the bearish inverse cup and handle formation.

We now see that this has taken place (score 1 for us), and with a surprise ending - a bullish move to follow!

Let’s direct our attention to Byte, our resident AI, to see what his thoughts are on this move!

🤖 Byte the Bot: “As predicted, 82.12% of a successful inverse cup and handle formation breaking below $103,500 took place - with a strong recovery occurring afterwards!

Calculating: Bitcoin moving above $106,884.65 within 10 days will follow support to Bitcoin re-testing resistance at $109,416.61 - 70.88% of successful move”.

Thank you, Byte!

$106,884.65 is the next resistance that Bitcoin will need to break above as this was the top of the “handle” in the inverse cup and handle formation.

If Bitcoin follows the new support line from the low point on the 9th of April, we will re-test the resistance at $109,416.61 by the 24th of June!

If the support line does not hold, it will delay this move, but the bullish spike after the bearish formation yields much confidence in holding support.

Let’s throw out another positive . . . Bitcoin did not break below $100,000!

This causes celebration as Bitcoin may have finally flipped the mental resistance of $100,000 into support . . . let’s place emphasis on the “may” in that sentence.

With all of this said, let’s take a look at our “What to Anticipate” section below - where we shake the magic 8 ball and see what answers it yields!

WHAT TO ANTICIPATE

Even though we continue to patiently wait to see what Bitcoin is going to do next (patience is running thin to say the least), we couldn’t ask for a more amazing move!

In our last newsletter on Wednesday, we spoke about Bitcoin holding $104,442.54 to allow a momentum shift in 72 hours.

Bitcoin did break below $104,442.54 within those 72 hours - but at the end of the 72 hours - we are holding above $104,442.54.

At the same time, the bearish inverse cup and handle formation completed and now the move has shifted to a bullish movement!

📊 What formations are we watching? All eyes are currently on Bitcoin holding the support line back to the previous resistance at $109,416.61.

We are also watching to see if Bitcoin is now going to flip the resistance of $104,442.54 into support.

If this occurs, it will create a plateau for Bitcoin to bounce off of and propel it to the previous all-time high!

🌍 In a perfect world, what do we see? Believe it or not, Bitcoin is a ticking time bomb. We are in a “time crunch” to form a bullish formation to follow.

With the recent dip and spike upwards, it is likely that Bitcoin could form a bull flag formation and consolidate around $105,500 to $107,000.

Even if Bitcoin made a modest 10% move in one day, this would launch Bitcoin to $115,500 - breaking the previous all-time high.

For our readers that have been following us for quite some time, we continue to speak on consolidation and building foundations for Bitcoin to continue upwards.

Your heard it here first . . . Bitcoin is ready to go parabolic!

🤔 Our overall thoughts? On the surface level, we are seeing slight movements in price change by Bitcoin, and it seems boring and uninteresting.

However, what is not being focused on, is the building of support along the way and Bitcoin resisting bearish moves that could crash the price.

Of course, we do not want another slight break in the all-time high price . . . yet again, as this is another sign of bearish behavior.

With Bitcoin re-testing resistance, keep an eye on if Bitcoin holds $104,442.54.

If it does, we are projecting Bitcoin around $106,500 (if not higher) in our next newsletter on Saturday . . . see you then!

BULL MARKET BULLETIN 📌

Cryptocurrency Exchange Files for Initial Public Offering (IPO) The Winklevoss twins are at it again, but instead of venturing further into Bitcoin they are pursuing stocks! Announced on the 6th of June this year, Gemini has submitted a draft registration statement on Form S-1 with the SEC to pursue an IPO of its Class A common stock! Will this be bigger than when Coinbase went public?

Reality Show to Air with a Cryptocurrency Prize Titled “The House of Streams” is a Netflix series that has been licensed to air in the United Kingdom and Ireland. What is so special about it? There are 8 contestants competing for the ultimate prize - 1 Bitcoin! The contestants will have a combined 4 million followers, and it is set to premier on the 18th of June. Sound interesting enough to watch?